Manufacturers and suppliers of medical oxygen, Oxygen Cylinders. Existing Hospitals/ Nursing Homes (Excluding account eligible under ECLGS 4.0/ UGECL 4.0).
Financing under the scheme is for Setting up of oxygen plant with power back up (for purchase of Generator set/ Inverter) in the hospital for medical use & To finance units engaged in manufacturing of liquid oxygen, oxygen cylinders etc.
Term Loan and / or Non-Fund Based [Letter of Credit- CAPEX].
Quantum of Finance
Maximum: Rs 2.00 Crore.
For setting up of Oxygen Plant:
15%(Cash/ FDR Margin)
Processing Charges & Other Charges - NIL
i) MSME Borrower: EBLR + 1.35% p.a (8.15% at present)
ii) Others: 1YMCLR + 0.95% p.a (8.15% at present)
CGTMSE guarantee fee under this scheme shall be borne by the Bank.
Primary Security - Assets created out of bank finance.
Collateral – 25% SARFAESI compliant tangible securities unless covered under CGTMSE.
Term Loan: Maximum Door to Door repayment period shall be 5 years including moratorium period not exceeding 6 months.
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