Union Sanjeevani Loan Scheme For Healthcare Sector
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. | ||||
5. | Assessment |
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6. | Margin |
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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. |
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9. | Security | Primary Security – Assets created out of bank finance.
Collateral – 25% SARFAESI compliant tangible securities unless covered under CGTMSE. |
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10. | Repayment | Term Loan: Maximum Door to Door repayment period shall be 5 years including moratorium period not exceeding 6 months. |