News > Govt approves Rs 3,000 cr vaccine supply credit to SII; Rs 1,500 cr to Bharat Biotech
Govt approves Rs 3,000 cr vaccine supply credit to SII; Rs 1,500 cr to Bharat Biotech
CNBC TV18 | 19/04/2021 08:25 PM | Click to read full article
Finance Ministry on Monday gave in-principle approval to sanction supply credit to Bharat Biotech and Serum Institute of India (SII) to ramp up COVID-19 vaccine production, reports said.
The ministry has cleared Rs 3000 crore credit for Serum Institute and Rs 1500 crore to Bharat Biotech. Earlier this month, Adar Poonawalla, CEO of Serum Institute of India had asked the government for financial assistance.
