Applicability
a) Hospitals/Nursing Homes
b) Manufacturers (both Medical professionals as well as non-medical professionals) of healthcare products.
c) Manufacturers and suppliers of permitted drugs (including COVID-19 drugs), vaccines, medical oxygen, oxygen cylinders, oxygen concentrators, Pulse oximeters, Ventilators, PPEs, Sanitizers, Gloves, Inhalation Masks, etc
d) Setting up / Expansion of Medical infrastructure such as creating / adding bed capacity, ICU, Medical equipments, Diagonstic centres and Pathology Laboratories etc. (Setting up / expansion includes construction of concrete building and/or building with GI sheet roofings etc.
e) Eye centres, ENT centres, Small and Medium size specialty clients like skin clinics, dental clinics, dialysis centres, endoscopy centres, IVF centres, poly clinics, X-ray labs etc.
f) Logistic firms involved in critical health care supply like Transportation of medical equipments, personnel, Patients etc.
g) Importers of vaccines and Covid related drugs.
Eligibility
· Both for existing and new MSME units
· Udyam Registration Certificate is mandatory.
Nature of Facility
a) Working Capital
b) Term Loan
c) Non-fund based (Letter of Credit / Bank Guarantee)
Purpose
a) To finance qualified medical practitioners for setting up Clinics/ Nursing homes/ Hospitals/ Pathology Labs/ Diagnostic Centre.
b) For purchase of medical equipment including ancillary equipment
c) For Expansion/renovation/ modernization of existing hospitals/nursing homes/ clinics.
d) To provide finance to manufacturers of healthcare products for meeting working capital requirement and acquisition of fixed assets.
e) To set up Oxygen plant along with power back up for medical use.
f) To manufacture permitted drugs (including Covid-19 drugs), Vaccines, Ventilators, PPEs, Inhalation masks, ICU Beds etc.
g) To import Vaccines and Covid related drugs.
h) To finance logistic firms engaged in healthcare activities, purchase of ambulance vehicle, cryogenic trucks etc.
i) Financing of Receivables of hospitals empanelled under ABPM-JAY (Ayushman Bharat Pradhan Mantri Jan Arogya Yojana)
j) Build-up of current assets like stocking of vaccines, medicines, consumables etc.
Loan Amount
Upto Rs.100 Crs (Fund Based+Non Fund Based)
Rate of Interest
| For loans 50 Lakhs & above | |
| Combined Internal Rating grade | ROI |
| AAA | EBLR + 2.00%(Presently 8.80% p.a.) |
| AA+ | EBLR + 2.15%(Presently 8.95% p.a.) |
| AA | EBLR + 2.25%(Presently 9.05% p.a.) |
| A | EBLR + 2.35%(Presently 9.15% p.a.) |
| BBB | EBLR + 2.50%(Presently 9.30% p.a.) |
For loans, below Rs.50 Lakhs – EBLR + 0.70% (Presently 7.50%p.a)
Repayment Period
| Facility | Tenor |
| Term Loan | Maximum 120 MonthsIncludinga) moratorium upto 18 Months, if construction is involvedb) moratorium upto 6 months for others |
| Working Capital | One year (Renewal on annual basis) |
Margin
| Facility | Margin(Promoters Contribution) |
| Term Loan &Working Capital | 25% |
| Non Fund Based limits(cash margin) | 10% for LC and Performance Guarantee25% for Money Guarantee |
Processing & other charges
| Nature of Security | Security |
| Primary for Fund Based limits | Hypothecation of assets purchased / created out of loan proceeds |
| Primary for Non Fund Based limits | Hypothecation of assets purchased / created out of loan proceeds + 10% (cash margin) |
CGTMSE
CGTMSE fee to be borne by the borrower.
Credits – Indian Bank