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SBI allocates Rs 71 Crores to Tackle the Second Wave of COVID-19

Published on May 04, 2021
Current Context: The State Bank of India has allocated Rs 71 crores to tackle the second wave of the COVID-19 pandemic in India.
SBI allocates Rs 71 Crores to Tackle the Second Wave of COVID-19
  • The fund will help the nation to battle the deadly second wave of the COVID-19 pandemic.
  • The SBI has allocated Rs 30 crores to used setup healthcare facilities like 1000-bedded makeshift hospitals, 1000- bedded isolation facilities and 250 bed ICU facilities especially in the areas which are severely affected by a coronavirus.
  • The funds of Rs 21 crore will be utilised to procure life-saving healthcare equipment, oxygen supplies, COVID-care centres, ambulances, PPE kits, masks and food relief efforts.
  • The fund of Rs 10 crore will be used to support the government's effort in genome sequencing and Rs 10 crore will be used to collaborate with NGOs which will work to address community needs.
  • Static Part: 
    • HQ of SBI: Mumbai
    • Chairman of SBI: Dinesh Kumar Khara

Question: 

Q.1 How much amount of funds was allotted by SBI to tackle the second wave of COVID-19 pandemic in India in May 2021?
a. Rs 91 crore
b. Rs 71 crore
c. Rs 51 crore
d. Rs 61 crore
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