SIDBI launches SHWAS and AROG Loan Schemes for MSMEs for COVID Preparedness

The Small Industries Development Bank of India (SIDBI), has launched two loan products for MSMEs to help them with required financial support in fight against the COVID-19 pandemic.
The two new loan products are
1. SHWAS – SIDBI assistance to Healthcare sector in War Against Second wave of COVID19
2. AROG – SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic
These two new quick credit delivery schemes will facilitate funding for production and services related to the supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs by MSMEs.