who will get loan
According to the statement, ‘Under this, loans up to Rs 100 crore (according to the geographical situation) will be made available to hospitals, nursing homes, diagnostic centers, pathology labs, manufacturers, suppliers, importers, logistics companies etc. This loan can be repaid in 10 years. Arogyam loan can be taken for expansion or modernization or for working capital requirements.
According to the bank, a loan of up to Rs 100 crore can be taken under this facility in metropolitan cities, while up to Rs 20 crore in medium and urban centers (Tier 2). In other smaller cities (Tier 3 to Tier 6), loans up to Rs 10 crore can be availed. It has been said in the statement that for loans up to Rs 2 crore, the units will not be required to give any guarantee. The reason for this is that this loan will come under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) guarantee scheme.
SBI Chairman Dinesh Khara said, “Our healthcare system has been providing uninterrupted and unprecedented assistance to the country in the midst of the pandemic for the past one year. Considering his contribution in the wake of COVID-19, we are delighted to launch Aarogya Healthcare Business Loan for him.
We are confident that this special loan product will provide the necessary financial support to enable expansion/modernization of existing facilities and creation of new facilities. Through this our effort is a step towards strengthening the healthcare infrastructure across the country.
RBI had announced
Let us tell you that the Governor of the Reserve Bank, Shaktikanta Das, has made recommendations for various sectors of the economy amid the second wave of the Kovid epidemic. Relief measures announced Earlier last month, it had said that a cash support of Rs 50,000 crore would be made available to banks so that they can on priority basis vaccine manufacturers, importers/suppliers of vaccines and suppliers of medical equipment, hospitals, among others, on easy terms. Can give loan
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)