1.

Eligibility

Manufacturers and suppliers of medical oxygen, Oxygen Cylinders. Existing Hospitals/ Nursing Homes (Excluding account eligible under ECLGS 4.0/ UGECL 4.0).

2.

Purpose

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.

3.

Facility

Term Loan and / or Non-Fund Based [Letter of Credit- CAPEX].

4.

Quantum of Finance

Maximum: Rs 2.00 Crore.

5.

Assessment

• For TL facility & NFB: As per norms prescribed by Bank.
• Details of Tie-up arrangement for supply of medical oxygen with hospitals etc (in case of oxygen manufacturers and suppliers) to be obtained for ensuring the cash flows match with the projections given by the loan applicant(s).

6.

Margin

7.

Charges

Processing Charges & Other Charges - NIL

8.

Interest Rate

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.

9.

Security

Primary Security - Assets created out of bank finance.

Collateral – 25% SARFAESI compliant tangible securities unless covered under CGTMSE.

10.

Repayment

Term Loan: Maximum Door to Door repayment period shall be 5 years including moratorium period not exceeding 6 months.