Purpose

1. Setting up clinic, clinic-cum-residence

2. Buying equipment

3. Purchase of vehicles, ambulance, computers, etc.

4. Drug stores.

5. Setting up of X-ray lab, Nursing Homes, Pathological laboratory, polyclinic etc.

6. Expansion / modernization / renovation of existing premises.

7. Working capital.

8.  Any other activity related to medical profession,

Eligibility

1. Individuals / partnership firms / Limited Companies / Trusts [with powers to borrow].

2. Key promoters should be qualified doctors.

3. Any qualified medical practitioner including dentists possessing minimum qualification to practice in a discipline such as MBBS / BDS /BAMS/GAMS/BHMS etc. from any institution established aided or recognized by the Government

4. Should be in the age group of 25 to 60 years

Quantum of Loan

Maximum of Rs. 5.00 crores

[Term loan + Working capital]

Working capital :

·     10% of total loan amount for limits upto Rs.1.00 crore

·     5% of total loan amount for limits above Rs.1.00 crore.

    [Minimum: Rs.10.00 lacs]

Margin

15%

Primary: 

Hypothecation of assets financed by the bank. 

Collateral: 

Upto Rs.25.00 lac:  NIL

Above Rs.25.00 to Rs.50.00 lac :

Collaterals may be dispensed on the merits of the case.

Above Rs.50.00 lacs :

Coverage of Tangible Collateral security.

Existing units:  40% of the limit.

New Units / connections – 50% of the limits. 

Term Loan: In monthly / quarterly / Half yearly instalments. 

Maximum period 7 years including Moratorium period.

[Moratorium period :

For construction – Maximum of 12 months

For other activities – Maximum of 6 months.]

Working capital – On demand.

Disbursement

Multiple disbursements based on the requirement