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Eligibility
Purpose
Financing under the scheme is for ramping up of COVID related healthcare infrastructure and services in the country.
Facility
Term Loan, Cash Credit, Import Letter of Credit, Bank Guarantee.
Quantum of Finance
Minimum: Above Rs 10.00 lakh
Maximum: Rs 100.00 Crore.
Assessment
As per Loan Policy
Margin
Term Loan
25%(For purchase of Equipment and Vehicle 15%)
Cash Credit
25% on Stock & Book-Debts (BDs upto 90 days shall be reckoned for DP calculation).
LC/ BG
25% (Cash/ FDR Margin)
Charges
Processing Charges & Other Charges - 50% of the applicable charges
Interest Rate
As per IC no.2621-2021 dt.24.05.2021 – MSME - Minimum EBLR + 2.00% to 2.50% Others - Minimum MCLR + 2.00% to 2.50%
Security
Primary Security - Assets created out of bank finance. Collateral – 25% SARFAESI compliant tangible securities unless covered under CGTMSE.
Repayment
Term loan is repayable in 10 years including maximum moratorium period 18 months in case of Construction of Hospital/Nursing/Home/ Clinic and up to 6 months in case of only equipment finance.
Working Capital: On Demand.