1. The Scheme: The scheme is to extend financial assistance to practicing Doctors for setting up of Clinic / Hospitals / Nursing Homes and for purchase of Electro Medical Equipments and also to extend the working capital assistance for purchase of medicine, surgery tools, etc.

2. Eligibility:   

•  The Scheme shall be operative for all the Doctors who are Income Tax Assessees at least for the last 2 Financial years.

• In the case of Nursing Homes having more than one Doctor, who are deriving the income from the nursing home only, then loan under the scheme shall be given to the nursing home only.

• Where the Doctors, apart from their association with a particular Nursing Home, are also having individual practice, in such cases the term loan to the individual Doctors also may be considered depending on the additional facilities proposed to be created by the Doctors for their independent clinics.

3. Purpose: To acquire hospital building, renovation of hospital / clinic, purchase of medical equipments, etc. and to meet working capital requirements like purchase of medicines, consumable items, instruments. etc.

4. Quantum of Loan :  The amount of loan shall be between Rs.3 lakhs to Rs.50 lakhs inclusive of working capital assistance of Rs.5 lakhs.

5. Promoters' Contribution:  The promoter's contribution shall be minimum 25%.

6. Debt Equity Ratio:   

• For loans upto Rs.10 lakhs inclusive of propsed loans, DER  is  3 :1

• For loans above Rs.10 lakhs and upto Rs.50 lakhs inclusive of proposed loan, DER is  2 : 1.

7. Repayment Period :  The loan period shall be fixed between 4 to 5 years inclusive of moratorium period of 6 months.