Applicability
Manufacturers and suppliers of medical oxygen, Oxygen cylinder & Hospitals / Nursing homes
Eligibility
· Both for existing and new MSME units
· Udyam Registration Certificate is mandatory
Purpose
a) For set up of oxygen plant with power back up in the hospital for medical use.
b) To finance units engaged in manufacturing of liquid oxygen, oxygen cylinders etc.
c) Working capital requirements of these units
Nature of Facility
a) Working Capital
b) Term Loan
c) Non-fund based (Letter of Credit / Bank Guarantee)
Loan Amount
Upto Rs. 2 Crs
Rate of Interest
| Facility | ROI / Commission |
| Working Capital / Term Loan | EBLR + 0.70%(Presently 7.50% p.a.) |
Repayment
| Facility | Tenor (Maximum) |
| Term Loan | Maximum 60 Months (including moratorium upto 6 Months) |
| Working Capital | One year (Renewable on annual basis) |
Margin
| Facility | Margin(Promoters contribution) |
| Term Loan & Working Capital | 15% |
| Non Fund Based limits(cash margin) | 10% for LC and Performance BG;25% for Money Guarantee |
Processing & other charges
Processing Charges : Nil
Other Charges & Prepayment charges : Nil
Security
| Nature of Security | Security |
| Primary for Fund Based limits | Hypothecation of assets purchased / created out of loan proceeds |
| Primary for Non FundBased limits | Hypothecation of assets purchased / created out of loan proceeds + Cash Margin |
CGTMSE
CGTMSE fee to be borne by the borrower.
Credits – Indian Bank