| Purpose |
- For purchase of equipment
- Setting up of Clinic, X-Ray lab, Pathological clinics, Poly clinics
- For purchase of Vehicle ambulance, Computers etc.,
- To purchase medical software to keep track of the medical history of the patients and also for billing
- Any other activities related to medical profession
|
| Eligibility |
Individuals/ Partnership firms/Ltd Co/Trust are eligible. Key promoters should be qualified Medical Practitioners and doctors in any branch of Medical science recognized by Central/State Government. |
| Loan amount |
- Rural and Semi-urban: The investment in Plant & Machinery should not exceed Rs.15 lakhs with a sub-limit of Rs.3 lakhs towards working capital.
- Urban: The investment in Plant & Machinery should not exceed Rs.10 lakh with a Sub-limit of Rs.2 lakhs towards working capital.
|
| Margin |
20% |
| Security |
Primary: Hypothecation of assets created out of bank finance |
| Collateral Security |
Upto Rs.5 lakhs- Not required
Above Rs.5 lakhs: at least to the extent of 50% of loan amount by way of immovable property of land & buildings or lien on NSC/KVP/LIC policies(Surrender value),etc., |
| Guarantee |
Upto Rs.5 lakhs: Not required
Above Rs.5 lakhs: Third party guarantee of worth at least equal to the limits sanctioned |
| Repayment |
Maximum 60 months with a holiday of six months repayable either in monthly/quarterly installments. |
Rate of
interest* |
Upto Rs.5 lakh-9.50%; Above Rs.5 lakh BMPLR+0.75% |
| Guarantee |
- Up to Rs.5 lakhs are covered under CGTMSE.
- Loans above Rs.5 lakhs and upto Rs.100 lakhs can be covered under CGTMSE subject to no collateral security and third party guarantee.
- Guarantee fee and Annual Service fees of CGTMSE has to be borne by the borrower
|
| Eligibility |
All the existing Traders in the operational area of the Branch/ Trade Finance Centre preferably with Sales Tax Registration |
Types of
Borrowers |
Individuals, Proprietory concerns, Partnership & Limited Companies(With borrowing clause and Trading as one of the objectives of the company) |
Quantum
of loan |
Maximum Rs.100 lac(Upto Rs.20 lakhs are eligible for classification under MSME) |
| Facility |
Working capital in the form of OCC,KCC or WCTL.However WCTL is limited to Rs.10 lakh. |
| Method of assessment |
As per turnover method or Inventory method whichever is higher |
| Margin |
Upto Rs.25 lac-10%
Above Rs.25 lac-as per Bank norms |
Rate of
interest* |
Upto Rs.50 lac-BMPLR
Above Rs.50 lac-BMPLR+1% |
| Primary Security |
Hypothecation of Stock in Trade & Book debts |
Collateral
Security |
Upto Rs.5 lacs-No security required as per RBI norms for accounts under MSME
Above Rs.5 lacs and upto Rs.10 lac-Linked to age of Business
Above Rs.10 lac-125% of limit proposed |
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