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Last Updated on 25/03/2017
Rural Products

Sanjeevini

Can I apply for the Sanjeevini Scheme? 
If you are a Qualified / Registered individual Medical practitioner fromreputedUniversities approved / recognised by Indian Council of Medical Research or a group of such medical practitioners, practicing in India for a minimum period of 3 years and also Corporates promoted / managed by Medical practitioners. You must be Income tax assesses. 
What are the purposes for which the loan is given? 
To set up new hospital / nursing home or for acquiring equipment for an existing hospital or for repair and renovation of existing hospital / nursing home, construction of new hospital / nursing home, polyclinic etc., and also to meet the working capital requirement, purchase of equipment, ambulance, vans, cars for medical practitioners. 
How much loan can I get? 
The maximum loan amount depends on the location of the nursing home / hospital. In Metro / urban areas : Rs.100 lacs In semi-urban areas : Rs. 50 lacs In rural areas : Rs. 10 lacs Out of the total loan amount, working capital portion is restricted to 20% of the project cost. 
What is the margin for the loan? 
In the case of purchase of medical equipment: 15% to 25% For construction of nursing homes : 25% to 30% on project cost 
What rate of interest will I have to pay? 
The interest rate is subject to change from time to time, the current interest rates are:
Current Interest Rates
Amount of loan Rate of interest % p.a
I For loans upto Rs.2 lacs 13.25%
II For loans above Rs.2 lacs 

13.25%

What is the maximum period by which the loan is to be repaid? 
The repayment period is fixed taking into account, the income generated and profit projected, to be derived out of the proposed activity. Normally the repayment period is 5 to 7 years. 

What security do I need to provide?
The prime security of hypothecation of medical equipment, vehicle etc., and mortgage of immovable property acquired out of the loan. For loans upto Rs.2 lac there is no collateral security. For loans above Rs.2 lacs, collateral security in the form of immovable properties, NSC, LIC policies etc having adequate value covering 100% of the loan is to be offered. 
Are there any other charges, payable for the loan? 
A one time processing charges of 0.50% of the loan amount with a minimum of Rs.500/- and a maximum of Rs.5,000/- is payable. 
While all efforts have been made to update the information, constituents are requested to contact the branches for latest details.

Sanjeevini Application Form.PDF  (80kb)  PDF File that opens in a new window