PNB SANJEEVANI - SCHEME FOR FINANCING PROFESSIONALLY QUALIFIED MEDICAL PRACTITIONERS
Qualified Doctors (Allopathic, Unani, Ayurvedic, Homeopathic) & registered practitioners, having minimum qualification: MBBS/ BAMS/ BDS/ BHMS/BUMS Constitution
Individuals/ Partnership/ Ltd Liability Partnership/Pvt. Ltd.Co/Ltd.Co/ Trust.
For constituents other than Individual and trusts a minimum 75% of stake (Equity in case of Pvt. Ltd.Co/Ltd.Co) should be from qualified doctors.In case of trusts at least 75% of the trustees should be qualified doctors.
i) To finance for purchase of various surgical, X-Ray, CT Scan etc. and other Electro Medical equipments including other sophisticated equipments. Loan can also be allowed for Operation Theatre equipments, Air Conditioners, Generators, Refrigerators, Ambulances, Computer and accessories, software necessary for diagnostic purposes and UPS systems or for purchase of equipments, machineries, purchase of vehicles, and any other items to start Clinics/Nursing Homes/Medical Centres.To set up Reproductive Child Health care centers in Semi Urban/Rural Centres.
ii) Finance can also be allowed for purchase, construction, addition, alteration, renovation, furnishing of Clinics / Nursing Home / Medical Centres (Including Land for Clinics / Nursing Home / Medical Centres. However, it must be ensured that land is not used for any other commercial purpose), cost of medicines if any to be procured and day to day operations like salaries etc.
EXTENT OF LOAN
Minimum Rs 1 Lakh
Subject to the condition that Value of Equipment (as per MSMED ACT 2006) existing and proposed the proposed shall not exceed Rs. 5 Crore.
RATE OF INTEREST
As per bank’s extant guidelines based on rating of applicant.
TYPE OF FACILITY
Overdraft (Max Rs.1 crore- Monthly Reducing Drawing Power).
However, the facility of Overdraft be allowed by Circle Head.
Maximum 7 years in equal Monthly/Quarterly instalments inclusive of a maximum moratorium period of 6 months. However, a higher moratorium period of 18 months may be allowed in case of construction of nursing home/ clinic/ medical centre. (Where Land is purchased for construction of Clinics / Nursing Home / Medical Centres, the construction should start within a period of 6 months and should be completed within moratorium period.)
Overdraft: The loan is to be repaid in maximum 7 years, through a monthly reducing Drawing Power (DP), the reduction to commence from the month following the month upto which moratorium period, if any, has been allowed.
Term Loan & Overdraft: Hypothecation of equipments / items purchased/Equitable mortgage of land and building of Clinics / Nursing Home / Medical Centres in case the loan is for acquiring/constructing Clinics/Nursing Homes/Medical Centres.
To be covered under CGTMSE as per Bank’s guidelines. Kindly visit branch or contact Toll free no. for more information.