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JS Bank offers financing to hospitals to curb coronavirus

JS Bank offers financing to hospitals to curb coronavirus

KARACHI: JS Bank has introduced financing of up to Rs 200 million to hospitals and medical centres for the purchase of equipment to detect, contain and treat patients infected by COVID-19.

Under this State Bank-designed scheme, all medical centres registered with federal or provincial health governing bodies, engaged in the control and eradication of COVID-19, will be eligible to avail the credit line at a minimal mark-up rate of only 3% per annum for a duration of five years.

This plan enables these health facilities to bolster their operational mechanisms through the purchase of additional equipment and relevant tools for the purpose. Hospitals can avail of this facility until September 2020.

“The Refinance Facility for Combating COVID-19 (RFCC) will enable the country’s medical institutions to effectively counter the pandemic,” said President and CEO JS Bank, Basir Shamsie.