(FOR FINANCING MEDICAL PRACTITIONERS)
Purpose
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The scheme envisages financing to qualified medical practitioners for
- Buying equipments
- Setting up clinics or clinic-cum-residence, etc.
- Purchase of vehicles, ambulance, computers
- Expansion/renovation/modernisation of existing premises
- any other activity related to medical profession.
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Age
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Minimum 21 years ; Maximum: 65 years
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Eligibility
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Individuals, Proprietorships,\Partnerships, Limited\Companies, Trusts are eligible to avail of the facilities offered by the scheme. The promoters/promoters should be registered qualified medical practitioners with minimum degrees, as MBBS /BAMS / GAMS/ BDS/BHMS.
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Quantum of Loan
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- Rural & Semi-urban Individuals/Proprietorships: Rs 5 crore
- Rural & Semi-urban Corporates/Partnerships/Trusts: Rs 5 crore
- Urban & Metro Individuals/Proprietorships: Rs 5 crore
- Urban & Metro Corporates/Partnerships/Trusts: Rs 10 crore
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Margin
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- Upto Rs. 10 Lacs – 15%
- Over Rs. 10 Lacs upto Rs. 5 crores – 20%
- Rs. 5 crores - Rs. 10 crores – 25%
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Interest Rate
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- Interest will be charged at prevailing rate on daily reducing balance at monthly rest.
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