Union Ayushman Plus

Bank	Union Bank of India
Scheme	Union Ayushman Plus
Description	a. For Purchase of brand new electro medical, diagnostic, X-ray Machines, MRI and other sophisticated equipment including operation theatre equipment, air conditioners, generators , personal computer and accessories with software for diagnosis, and UPS systems. Equipment for scanning centers/poly clinic/ Laboratories, other equipment and machinery used for Medical Purpose etc. b.For Acquisition of Premises and/ or for setting-up of clinic/ hospital in own site Or Purchase of Site & Construction of hospital/ clinic thereon, furnishing and cost of medicines. Expansion/ Renovation / Modernization of existing premises. c. For purchase of ambulance for Hospital/Clinic. d.For Purchase/ Installation of Lift / Elevator, Solar Water heating system, Solar Electrification System etc to be installed at hospital premises. e.Composite loan is also permissible. f. Financing of Second Hand Medical Equipments/ Machinery/ Ambulance NOT to be considered.
Eligibility	All practicing qualified medical practitioners holding a recognized graduate degree in any branch of Medicine/ Surgery /Dental Science / Physiotherapy/ Radiology/ Pathology /Diagnostic imaging etc with minimum practicing experience of one year in the age group of 25 years to 65 years in any branch of medical science, with minimum qualification of : – MBBS – BAMS – BHMS – BDS – BV.Sc & AH OR – Degree in Para medical services like; – X-ray Technology and Radiology – Medical laboratory Technology – Physiotherapy – Optometry of Ophthalmic Technology
Rate of Interest & Repayment	Repayment: • Maximum 84 Equated Monthly Instalments (EMI). • Moratorium period of Maximum upto 6 months may be permitted within maximum repayment period of 84 months if required/ requested. Repayment period shall be based on durability and useful life of the asset. • For new construction – Maximum 180 months period including 24 months moratorium period. • The repayment period should be co-terminus with maximum permissible age (70 years).
Collateral
Composite /loan Limit	a. Maximum quantum of loan will be Rs.20.00 crore Sub limit for the same are as under: – Working capital will be 25% of the maximum limit subject to ceiling of Rs. 5.00 Crore. – Term Loan uptoRs.20.00 Crore.
Margin	a.Term Loan : Minimum Margin for Term Loans: – For Purchase of Equipment & Vehicle : 15% – Construction / Acquisition of premises (Including/ Expansion/ Renovation / Modernization of Existing premises) : 35% – Wherever the loan is for Purchase of Site and Construction of Hospital/ Clinic, financing the Cost of Land/ Site shall be restricted to 30% of the Total Project Cost. b.Working Capital – Assessment: As per Norms prescribed in the Loan Policy. LC/BG Minimum Cash Margin: 15%
Detail Link	https://www.unionbankofindia.co.in/pdf/Union-Ayushman-Plus.pdf

Union Ayushman Plus

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