Axis Bank Ltd.

Axis Bank has committed $150 million (about Rs 1,140 crore) loan for strengthening the healthcare infrastructure in the country in association with IPE Global, in the aftermath of the pandemic. The continued threat of new variants has reinforced the need to boost investments and partnerships in the health sector. Under this partnership, Axis Bank will provide affordable finance of up to $150 million through SAMRIDH, to support health enterprises and innovators who would otherwise not have access to affordable debt financing.

The ability to access loans will help them increase production and provide advanced health solutions to address COVID-19 along with other health emergencies, especially across the vulnerable communities of India from tier 2 and 3 cities. SAMRIDH is an initiative supported by the United States Agency for International Development (USAID).

Axis Bank is the third largest private sector bank in  India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.