V DOCTOR
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1
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Purpose
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- Acquiring premises & expansion /renovation/modernization of existing clinics/hospitals.
- Purchase of medical equipment/ambulance/car/vehicle.
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2
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Eligibility
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- Qualified Registered Medical Practitioners with minimum experience of 1 year.
- Firms/Companies where majority of shareholding is by qualified medical practitioners.
- Trusts engaged in rendering professional medical services.
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3
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Nature of facility
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- Term loan
- Working capital
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4
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Quantum of Loan minimum/maximum.
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- Term loan – Maximum Rs.500.00 lakhs (of which Working Capital – Maximum Rs.20.00 lakhs)
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5
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Margin
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- 25% for purchase of equipment/ machinery/ vehicles etc.
- 35% for acquisition of premises and/or expansion/renovation/modernization of existing premises.
- 25% on stock in case of working capital limit.
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6
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Rate of interest
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Click here
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7
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Guarantor
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- Personal guarantee of partners/ promoter directors in all cases irrespective of coverage under credit guarantee scheme.
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8
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Security
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- Assets acquired out of bank finance.
- Mortgage of property in case of construction/acquisition of premises, expansion/renovation of existing premises out of bank finance.
- Collateral security by way of immovable property or liquid securities such as deposits, NSCs, surrender value of LIC policies if not covered under CGTMSE for loans up to Rs.100 lacs.
- For loans above Rs.100 lacs, collateral security by way of immovable property or liquid securities such as deposits, NSCs, surrender value of LIC policies.
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9
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Processing fees/other charges
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Click Here
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10
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Repayment
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- Working capital – one year (should be renewed on yearly basis).
- Term loan – Maximum of 84 months.
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11
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Application with checklist
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Click Here to Download the Application Form/Check List
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