1.

Eligibility

a. New projects or renovation/modernisation/expansion of existing projects in healthcare sector in areas other than the 8 metropolitan cities – Municipal areas of Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi & Pune cities.

2.

Purpose

Financing to eligible projects in healthcare sector for setting up of or for modernising/expansion of
a. Hospitals/Dispensaries/Clinics/Medical Colleges/Pathology labs/Diagnostic Centers
b. Facilities for manufacturing of vaccines/oxygen/ventilators/priority medical devices and
c. Public Healthcare facilities

3.

Facility

Term Loan, Cash Credit, Import Letter of Credit, Bank Guarantee.

4.

Quantum of Finance

Maximum: Rs 100.00 Crore per project

5.

Margin

25%

6.

Charges

Processing Charges - 50% of the applicable charges

7.

Interest Rate

MSME – EBLR + 0.50% upto EBLR +1.15%
Other – 1YMCLR + 0.10% upto 1YMCLR + 0.75%
ROI is capped at 7.95%


Present EBLR – 6.80% and 1YMCLR 7.20%

8.

Security

Primary Security - Assets created out of bank finance.
Collateral – 25% if tenor of loan is more than 10 years

9.

Repayment

Term loan For Brown Field Project: Repayment period shall be upto 10 years including moratorium period.
For Green Field Project: Repayment period shall be up to 15 years including moratorium period.
Working Capital: On Demand.

10.

Extent of guarantee

Greenfield projects in any area & Brownfield projects in aspirational districts – 75%
Brownfield projects in areas other than aspirational districts – 50%

11.

Validity

Brownfield Projects: Up to 2 years from the Date of Commencement of Commercial Operations (DCCO), subject to a maximum guarantee period of 5 years from the date of first disbursement.
Greenfield Projects:
Up to 5 years from the date of first disbursement.