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    Ayushman and Sanjeevani Scheme Details

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    drmanojmsortho21
    The Union Ayushman Plus Scheme and Union Sanjeevani Loan provide financing to medical practitioners and healthcare entities. Key details include: 1. The schemes provide term loans, working capital, and non-fund facilities up to Rs. 100 crores for Ayushman Plus and Rs. 2 crores for Sanjeevani for purposes like equipment/machinery purchase, premises acquisition/construction, and setting up oxygen plants. 2. Margin requirements range from 15-35% depending on the loan purpose, and collateral may be waived for established customers or if escrow accounts are maintained. 3. Interest rates are linked to EBLR/MCLR with premiums

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    Ayushman and Sanjeevani Scheme Details

    Uploaded by

    drmanojmsortho21
    13 views2 pages
    The Union Ayushman Plus Scheme and Union Sanjeevani Loan provide financing to medical practitioners and healthcare entities. Key details include: 1. The schemes provide term loans, working capital, and non-fund facilities up to Rs. 100 crores for Ayushman Plus and Rs. 2 crores for Sanjeevani for purposes like equipment/machinery purchase, premises acquisition/construction, and setting up oxygen plants. 2. Margin requirements range from 15-35% depending on the loan purpose, and collateral may be waived for established customers or if escrow accounts are maintained. 3. Interest rates are linked to EBLR/MCLR with premiums

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    The Union Ayushman Plus Scheme and Union Sanjeevani Loan provide financing to medical practitioners and healthcare entities. Key details include: 1. The schemes provide term loans, working capital, and non-fund facilities up to Rs. 100 crores for Ayushman Plus and Rs. 2 crores for Sanjeevani for purposes like equipment/machinery purchase, premises acquisition/construction, and setting up oxygen plants. 2. Margin requirements range from 15-35% depending on the loan purpose, and collateral may be waived for established customers or if escrow accounts are maintained. 3. Interest rates are linked to EBLR/MCLR with premiums

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views2 pages

    Ayushman and Sanjeevani Scheme Details

    Uploaded by

    drmanojmsortho21
    The Union Ayushman Plus Scheme and Union Sanjeevani Loan provide financing to medical practitioners and healthcare entities. Key details include: 1. The schemes provide term loans, working capital, and non-fund facilities up to Rs. 100 crores for Ayushman Plus and Rs. 2 crores for Sanjeevani for purposes like equipment/machinery purchase, premises acquisition/construction, and setting up oxygen plants. 2. Margin requirements range from 15-35% depending on the loan purpose, and collateral may be waived for established customers or if escrow accounts are maintained. 3. Interest rates are linked to EBLR/MCLR with premiums

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Union Ayushman Plus Scheme

     All practicing qualified medical practitioners holding a recognized graduate degree in any branch of Medicine/Surgery /Dental Science /
    Eligibility Physiotherapy/ Radiology/ Pathology /Diagnostic imaging etc
     Minimum practicing experience of one year in any branch of medical science, with minimum qualification of :MBBS/ BAMS/BHMS/BDS/BV.Sc & AH
     Purchase of equipment and machinery for Medical purpose including ambulance
    Purpose  For Acquisition of Premises and/ or for setting-up of clinic/ hospital in own site Or Purchase of Site & Construction of hospital/ clinic thereon
     Expansion/ Renovation / Modernization of existing premises.
     Financing refundable deposit of premises taken on lease
    Facility Term Loan, Working Capital, LC/BG for purchase of equipment/ capex

    Quantum Maximum quantum of loan will be Rs 100 crores

    Margin Term Loan:


     For Purchase of Equipment & Vehicle : 15%
     Construction / Acquisition of premises (Including/ Expansion/ Renovation / Modernization of Existing premises) : 35%
     Wherever the loan is for Purchase of Site and Construction of Hospital/ Clinic, financing the Cost of Land/ Site shall be restricted to 50% of the Total
    Project Cost.
     Working Capital: 25% ; LC/BG: Minimum Cash Margin -15%
    ROI For MSME/Others- EBLR/ MCLR + 0.25% to 1.00% + Tenor Premium

    Security Primary security: Hypothecation/ mortgage of all assets created out of bank finance
    Coverage
    Collateral security: For loans covered under CGTMSE: NIL or hybrid method of CGTMSE can be utilized.
    For Loans not covered under CGTMSE: minimum 25% for new equipment, Minimum 50% for construction/acquisition of premises
    Processing 50% concession in Applicable charges
    Charges
    Assessment Following method to be adopted for standalone equipment finance for both existing and New Bank customers:
    1. Hospital to be in operation for minimum 3 years.
    2. Cash positive for past 3 years.
    3.Limit for standalone equipment finance will be upto 3 times of average cash accrual of 3 years.
    4.No CGTMSE or collateral to be insisted for such established customers.
    5.Account should not be appearing as SMA-1 and SMA-2 with any lenders in past 2 years.
    6. CIC score of the promoters /directors should be 700+
    Union Sanjeevani Loan
     Units eligible to be classified under MSME (as per new MSME definition) and Individual, Small Business Units & other entities
    Eligibility shall also be eligible.
     Manufacturers and suppliers of medical oxygen, Oxygen Cylinders. Existing Hospitals/ Nursing Homes to set up oxygen plant
     Term Loan
    Purpose  For Setting up of oxygen plant with power back up (for purchase ofGenerator set/ Inverter) in the hospital for
    medical use.
     To finance units engaged in manufacturing of liquid oxygen, oxygen cylinders etc.
     Non-Fund [Letter of Credit]: LC for Capex (front ended): For import of Capital Goods, to be liquidated on due date by debit
    to Term Loan account.
    Facility Term Loan and / or Non-Fund Based [Letter of Credit- CAPEX].
    Quantum Maximum quantum of loan will be Rs 2.00 crores

    Margin  NFB (LC) 15%(Cash/ FDR Margin)


     Term Loan For setting up of Oxygen Plant:
     In case of existing customers 100% financing can be considered with Nil Margin (i.e. in case of Manufacturers and Suppliers of Medical
    Oxygen).
     In case of New to Bank Customers, 15% margin.
    Margin may be waived in case of the following:
    - Hospital agrees to maintain escrow A/c for capturing cash flow
    – The manufacturer is having a firm buying agreement from Govt/hospitals and agrees to maintain escrow account.
    ROI For MSME - EBLR+ 1.35%
    For Others- MCLR + 0.95%
    Security Primary security: Hypothecation/ mortgage of all assets created out of bank finance
    Coverage Collateral security:
    For MSE units: Loans to be covered under CGTMSE. (Guarantee Fee to be borne by the Bank)
    For Non-MSE units: Min. 25%.
    Collateral requirement can be waived on fulfillment of following condition:
    ▪Hospital agrees to maintain escrow a/c for capturing cash flow.
    ▪The manufacturer is having a firm buying agreement from Govt/hospitals and agrees to maintain the escrow A/c.
    Processing Nil Processing Charges
    Charges
    Other Details Loan under this scheme to be sanctioned under Sole Banking arrangement only.
     Maximum Door to Door repayment period shall be 5 years including moratorium period not exceeding 6 months.
     No prepayment charges for individual borrower & MSME borrower

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