For setting up on-site oxygen generation plants using low cost technologies like Pressure Swing
Adsorption for on-site oxygen generation.
Eligibility
Existing Hospitals/ Nursing homes/ Clinics/ Medical Colleges having credit facilities with outstanding as on
29.02.2020.
Eligibility : Existing Hospitals/nursing homes/ clinics /medical colleges having credit facility and
outstanding as on 29.02.2020 with an MLI with days past due upto 90 days as on March 31, 2021 and
requiring assistance of upto Rs.2 crore for setting up low cost technologies like Pressure Swing Adsorption
etc. for on-site oxygen generation.
Other Terms & Conditions
Nature of Facility : Term Loan, Letter of credit
Quantum of loan : Overall exposure including Term Loan and LC should not exceed Rs.2 Crs under
GECL 4.0 for financing of setting up in-site oxygen generation plants.
Rate of Interest : EBLR + 0.85% (Current effective rate 7.50%)
Collateral Security : Nil
Repayment Period :
Term Loan : Maximum period of 5 years including moratorium period of upto 6 months.
Upfront Fee/ Processing Fee : Waived as Covid-19 relief.
Penal Interest : Waived for 1 year, subject to review after 1 year.
Inspection Charges : Waived as Covid-19 relief.
Scheme available upto : Sanctions up to 30.09.2021, Disbursement upto 31.12.2021
Disbursement :
Under ECLGS 4.0, the tenor of facilities provided under GECL shall be for a maximum period of 5 years
from the date of first disbursement of fund based facility or first date of utilization of non-fund based facility,
whichever is earlier. Last date of disbursement under fund-based facility and utilization of LC under non-
fund based facility shall be December 31, 2021.
The last date for disbursement of fund-based facility under the scheme (ECLGS 4.0) is December 31,
2021.
Credits – SBI ( State Bank of India )