|Bank||Punjab and Sind Bank|
|Description||Setting up/ acquiring/ construction/ Expansion/ renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Scan/ Diagnostic Centers/ Physiotherapy centers, Nursing Homes, Sanatorium etc. including furniture fixture and equipments and for purchase of vehicles, ambulances, computers etc.|
Medical Practitioners registered with statutory bodies like, MCI, DCI,CCIM, CCH etc. and having minimum qualification MBBS/BDS/BPT/BAMS or equivalent professional degree.
|Rate of Interest & Repayment||Rs. 5 Lakh to Rs. 2 Crore – 8.00%
Above Rs. 02 Crore to Rs. 05 Crore – 8.50%
Repayment: For Term Loan: Maximum 7 years including moratorium period of 2 years/construction period in case of new construction.
|Collateral||Upto Rs 10 Lakhs: No third party guarantee/collateral security is required and the same shall be covered under CGTSME.
Above Rs 10 Lakhs to Rs 200 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure. Or else the loan may be covered under CGTMSE.
Above Rs 200 Lakhs to Rs 500 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure
|Composite /loan Limit||Minimum: Rs 5 Lakhs,
Maximum: Rs 5 Crores
|Margin||25% for purchase of equipment/machinery/vehicles
35% for acquisition of premises/expansion/renovation/modernization
25% on stocks
40% on book debts
|Detail Link||View Link|