| Scheme name | LOAN FOR MEDICAL PROFESSIONALS |
| Purpose of the loan | To provide term loan assistance for the modernization/ upgradation/ expansion/ diversification of existing hospitals/clinics and medical equipment’s purchasing in order to keep pace with the changes and to keep them technologically updated so as to remain competitive. |
| Eligibility Criteria | • Qualified Medical professionals, possessing mininum qualifications such as MBBS/ BDS/ BAMS with added qualifications in the relevant field to engage themselves in gainful self-employment. • Expansion/ renovation/ modernization of existing units having positive net worth for last 3 years |
| Upper loan limit | The upper limit is up to Rs. 50 lakhs |
| Promoter’s contribution | Promoters Contribution (PC - Minimum) -10% for project and 33.33% for unit |
| Moratorium period | Moratorium up to 12 months |
| Repayment period | 10 years including the Moratorium period |
| Lending rate of Interest | 8% to 10 % pa |
| Security | Legal documentation of assets financed |
