PURPOSE |
To Provide Loan to Medical Practioners for:
- Purchase of Equipment
- Setting up Clinic, Nursing Home, Path Lab, Drug Store, Ambulance, Computers, Vehicle etc
- Expansion and Renovation of Existing Premises
- Purchased of Vehicle /Ambulance/ Computers etc.
- Any Other Support Activities
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ELIGIBILITY |
- Individual/ Partnership/Corporates/ Trust with power to borrow
- Promotors should be registered practitioners and should possess minimum qualification to practice in a discipline such as MBBS/ BDS/ BAMS/ GAMS/BHMS
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QUANTUM OF FINANCE |
- Max: Rs. 1 Cr., Subject to maximum working capital components as 10% of total loan amount
- Minimum DSCR 1:1.5
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MARGIN |
Min:: 15%
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INTEREST RATE |
As prescribed by the Bank, Interest will be applied on monthly compounding basis
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