| PURPOSE |
To provide Loan to Medical Practioners for:
- For Purchased of equipment
- For Setting up Clinic, nursing home, path. Lab drug store, ambulances, computers, vehicle ,etc
- Expansion/ renovation of existing premises
- Purchased of Vehicles/ Ambulance/ computers etc
- Any other Supporting activity
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| ELIGIBILITY |
- Individual,partnership, corporates, trust with powers to borrow
- Promoters should be registered practitioners and should possess minimum qualification to practice in a discipline such as MBBS/ BDS/ BAMS /GAMS/BHMS
|
| QUANTUM OF FINANCE |
- Max- ₹ 1 crore, subject to maximum working capital components as 10% of total loan amount
- Minimum DSCR 1:1.5
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| MARGIN |
|
| INTEREST RATE |
- As Prescribed by the Bank, Interest will be applied on monthly compounding basis
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