The Scheme will facilitate immediate liquidity for ramping up COVID related healthcare infrastructure and services in the country with an objective to address the unprecedented crisis in the wake of COVID-19 Pandemic like: ¬ For setting up and expansion/ renovation of Hospitals/ Nursing Homes, diagnostic center, pathology labs ¬ To provide finance to Manufacturers of Healthcare products for meeting Working Capital requirements and acquisition of fixed assets. ¬ Financing of receivables of Hospitals from AB PM-JAY ¬ Build-up of current assets like stocking of vaccines, medicines, consumables etc. ¬ For Capex LC (front-ended): for import of capital goods, to be liquidated on due date by debit to Term Loan account
Credits – Canara Bank