Union Bank of India Sanjeevani Loan Scheme for healthcare Sector – Check eligibility, Loan amount, Interest Rates, Processing fees and Repayment options.
|1.||Eligibility||Manufacturers and suppliers of medical oxygen, Oxygen Cylinders. Existing Hospitals/ Nursing Homes (Excluding account eligible under ECLGS 4.0/ UGECL 4.0).|
|2.||Purpose||Financing under the scheme is for Setting up of oxygen plant with power back up (for purchase of Generator set/ Inverter) in the hospital for medical use & To finance units engaged in manufacturing of liquid oxygen, oxygen cylinders etc.|
|3.||Facility||Term Loan and / or Non-Fund Based [Letter of Credit- CAPEX].|
|4.||Quantum of Finance||Maximum: Rs 2.00 Crore.|
|7.||Charges||Processing Charges & Other Charges – NIL|
|8.||Interest Rate||i) MSME Borrower: EBLR + 1.35% p.a (8.15% at present)
ii) Others: 1YMCLR + 0.95% p.a (8.15% at present)
CGTMSE guarantee fee under this scheme shall be borne by the Bank.
|9.||Security||Primary Security – Assets created out of bank finance.
Collateral – 25% SARFAESI compliant tangible securities unless covered under CGTMSE.
|10.||Repayment||Term Loan: Maximum Door to Door repayment period shall be 5 years including moratorium period not exceeding 6 months.|