SBI allocates Rs. 70 crore to combat the second wave of COVID-19

SB has recently allocated 70 crore, to undertake various support initiatives to help the country combat the second wave of COVID-19.

The bank has dedicated Rs. 30 crore to set up 1,000-bed makeshift hospitals, 250 bed ICU facilities and 1,000-bed isolation facilities across some of the worst-hit states. These facilities would be set up in collaboration with government hospitals and municipal corporations of the respective cities.

SBI will also contribute Rs. 10 crore for genome-sequencing equipment/lab and vaccine research equipment/lab to the Government.

Dinesh Khara, Chairman, SBI, said “We are trying our best to make a small contribution to society in the fight against the second wave. We are committed to contribute funds, resources and reach out to the citizens of India and also join in the Government’s efforts in fighting the virus. I urge everyone to offer their support in any form to the people in need and contribute towards making the country COVID-19 free.”

Additionally, SBI has allocated Rs. 21 crore to all its 17 Local Head Offices to address the urgent medical needs of the citizens including procuring life-saving healthcare equipment and enhancing the oxygen supply to hospitals. Bank will continue to provide PPE kits, masks, rations and cooked meals.

SBI will also spend Rs. 10 crore in partnering with NGOs to undertake community-based testing, strengthening vaccination drives, creating helpline for COVID-19 related matters, providing oxygen supply and other critical activities.