Eligibility

• Available for all medical streams viz. Allopathy, Dental etc.
• Partnership/Companies
• Applicants should be qualified- MBBS/BDS/ Degree in Physiotherapy/radiology.
• In case of Company, at least 50% of promoter Directors must be doctors.

Purpose

To purchase land, construction of hospital building, purchase of ready built premises (Age should not be more than 20 years), purchase of  medical equipments, medical software, computer, diagnostic imaging laboratories, setting up of clinic / Lab, Renovation / Repair of existing premises, etc.  Second hand machinery / equipments should not be financed.

Quantum of Loan

Minimum                    : Rs. 25.00 lakh

Maximum                   : Rs.1500.00 lakh

In Panchayat and rural areas, max. loan is      Rs. 50.00 lakh.

Other than the above, Max. loan is                  Rs.1500.00 lakh.

For equipments only: Max.                               Rs. 500.00 lakh.

WCTL: Maximum Rs.100.00 lakh as sublimit not exceeding 10% of the proposed loan.

Promoter’s Contribution

15% for equipments,

25% for building

35% if land & building is involved.

Debt Equity Ratio

Overall DER 2.00 : 1.00

Collateral Security

i.    Tangible collateral security with minimum of 25%

ii.   Personal guarantee of individual & Spouse guarantee.

iii. Where land is owned by the unit/promoter and the value is not included in the project cost and if the value is more than 50% of loan amount, no collateral need to be insisted.

Repayment

9 years including holiday period