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| A scheme to provide finance to the qualified Medical practitioners and Doctors in any Branch of Medical Science. |
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 Purpose |
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- To set up clinics, Pathological/X-Ray/ Sonographic /any other
- Diagnostic Imaging Laboratories /purchase of medical equipment, medical software, computers for hospital purposes.
- Furnishing of Nursing Homes (construction of Nursing Home is not covered under the scheme)
- Purchase of Ambulance Working capital requirement for existing Nursing Home.
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| Eligibility |
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- Constitution: Individuals, Firms, Limited Liability Firms, Companies Trusts and Societies engaged in rendering professional medical services. In case of non-individual constitution – key promoter should be a qualified medical practitioner.
- Qualification and experience: All practicing qualified medical practitioners holding a recognized graduate degree in any Branch of Medicine/Surgery/Dental Science/ Physiotherapy /Radiology/ Pathology /Diagnostic Imaging etc with a minimum practicing experience of two years.
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| Nature of Facility |
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Term Loan/Overdraft/both. |
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| Loan amount - Max |
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Rs.20 Lakh |
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| Margin |
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- 25% for equipments / Furnishing of existing Nursing Homes /Ambulance.
- Working Capital Limit: 75% of the revenue expenditure of the previous year as per Profit and Loss account certified by Chartered Accountant.
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| Collateral Security |
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- No collateral security or Third Party Guarantee.
- Post Dated Cheques for initial 6 months
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| Rate of Interest |
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Base Rate +3.25 floating irrespective of nature of limit and tenure of limit. No term premium. |
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| Other Charges |
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50% of applicable processing charges / upfront fee. |
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| CGTMSE Premium |
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Applicable CGTMSE premium to be borne by the borrower.
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| Repayment schedule |
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- Max. 84 months and holiday of 1 year for principal & interest.
- For working capital limits (in the nature of Unsecured overdraft) for 1 year – eligible for renewal subsequently.
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