Eligibility

• Qualified/Registered individual Medical practitioners recognized by Indian Council of Medical Research, including dental surgeons, Polyclinic, Allopathy, Ayurveda, Homeopathy and Unani having practical experience of carrying of the medical activity.
• Manufacturers and suppliers of oxygen cylinders, oxygen concentrators, pulse oximetes, ventilators, PPE's inhalation masks, ICU beds, etc.
• Manufacturers and importers of vaccines and COVID related drugs.
• Logistics firms engaged in critical healthcare supply.
• Diagnostic centers and pathology laboratories/dialysis centre

Purpose

• To set up new hospitals/nursing home or for acquiring equipment's for an existing hospital or for repair and renovation of existing. hospitals/nursing homes, construction of new hospital/nursing home/poly-clinic etc. purchase of equipment's, ambulances, vans and cars for such medical practitioners and also to meet working capital requirements
• To provide finance to manufacturers of healthcare products for meeting working capital requirement and acquisition of fixed assets.
• To set up oxygen plant along with power back F or medical use.
• To manufacture permitted drugs (including COVID-19drugs), vaccines, ventilators, PPE's, inhalation masks, ICU beds, etc.
• To Import vaccines and COVID related drugs.
• To finance Logistic firms engaged in critical health care supply.
• To finance hospitals against receivables empanelled under PM-JAY.
• To finance Diagnostic centres and pathology Laboratories and Dialysis centre

Loan amount

• Minimum Rs. 10.00 lakhs
• Maximum Rs.25.00 Crores

Margin

• Term Loan-25%
•  Cash Credit: 25% (stocks), Receivables-40% for a period of 90 days.
• BG/LC- 25%

Interest Rate

• As per circular in force based on Internal/external rating of the account.

Collateral security

• Where only movable asset Created-Collateral security for minimum 25% of the loan amount

• Where value of prime immovable security is more than 25% of loan amount- No collateral

• If the value of prime immovable security is less than 25% of loan amount- The difference between value of security and 25% of loan amount to be provided by way of collateral securities or coverage under CGTMSE scheme under hybrid Security.

Guarantee

• Personal guarantee of proprietor/Partner/Directors and owner of immovable properties offered as Prime/collateral security.

Processing charges/ upfront fee

• Processing charges: Applicable Processing Charges/ Upfront fee as per service charges circular in force

• Upfront fee:50% of the applicable charges