Eligible borrower under ECLGS 4.0 means existing Hospitals/nursing homes/clinics/medical colleges borrower having credit facility with days past due upto 90 days as on March 31, 2021
For setting up low cost technologies like Pressure Swing Adsorption etc. for onsite oxygen generation.
Term Loan and / or Non-Fund Based [Letter of Credit- CAPEX].
Quantum of Finance
Maximum: Rs 2.00 Crore.
For TL facility & NFB: As per norms prescribed by Bank.
Processing Charges, Guarantee Fee & Other Charges - NIL
MSME: EBLR + 1.00%, with upper cap of 7.50% p.a.
Others: 1 Yr MCLR + 1.00%, with upper cap of 7.50% p.a.
Shall rank second charge with the existing credit facilities in terms of cash flows (including repayments) and security
100% Guarantee to be provided by NCGTC
Tenor & Repayment
Tenor of facilities shall be for a maximum period of 5 years with moratorium of 6 months from the date of first disbursement of fund based facility or first date of utilization of non-fund based facility
For sanction – 30.09.2021
For disbursement – 31.12.2021
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