Purpose

• Purchase of equipments, setting up of Clinic, X-ray Lab, Pathological Laboratory, Nursing Home, Poly Clinics etc., clinic-cum-residence, expansion/renovation/modernization of existing premises.
• Purchase of vehicles, ambulance, computer etc. for medical practitioner.
• Working Capital requirement including stock of medicine /disposables.

Eligibility

• Individuals/Partnership/Companies/Trusts.
• Applicants / Promoters should have recognized qualification in any branch of medical science like MBBS /BAMS/BDS/BHMS or any recognised degree in Physiotherapy / Radiology etc and should have minimum practical experience required to establish Hospital/Nursing Home/Clinic.
• In case Individual, he / she should be a qualified and registered medical practitioner and should have minimum practical experience required to establish Hospital/Nursing Home/Clinic.
• Partnership - Out of total partners at least 50% should be qualified and registered medical practitioners.
• Company - At least 50% of the promoter / directors should be qualified and registered medical practitioners.
• Trusts - Trusts should be registered and having power to borrow. At least one of the trustees should be qualified medical professional and Registered Medical Practitioner.

Quantum of Loan

Minimum - Rs.100,000/-

Maximum:  Rs.5,00,00,000/-

Rural / Semi-Urban areas -Max . Rs 50.00 lakh

Working Capital limit of up to Rs. 5 lakh may be considered, if required within overall limit of Rs.50.00 lakh

Urban / Metro Areas   -    Max . Rs.500.00 lakh

Working Capital Limit of up to Rs.10 lakh may be considered, if required, within  the overall limit of Rs.500.00 lakh.

Margin

25 % against the construction of Nursing Home/Clinic

15 % against equipments.

Security

Primary    -   Hypothecation of assets acquired out of bank finance.

                 EM of property in case of construction of building.

Collateral -   No guarantee /collateral for loans up to Rs.100.00 lakh,

                     which are to be covered under CGTMSE Guarantee only.

                For loans above Rs.100.00 lakh, collateral up to at 

                Least 50% of the loan amount to be taken.