According to the statement of Arogyam Healthcare Business Loan, the units will not have to give any kind of guarantee for loans up to Rs 2 crore. This loan will come under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Guarantee Scheme.
The country’s largest bank SBI (State Bank of India) has launched a new business loan product ‘Arogyam Healthcare Business Loan’ to help the healthcare sector. In this, businessmen will be able to get a minimum loan of 10 lakhs and maximum up to 100 crores. This loan can be taken through cash credit, term loan, bank guarantee or letter of credit. State Bank of India (SBI) in a statement said, “SBI has introduced Aarogya Healthcare Business Loan to support the healthcare sector in the country amid the pandemic.”
How much loan can be availed
According to the bank, a loan of up to Rs 100 crore can be taken under this facility in metros, 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. According to the statement, the units will not have to give any guarantee for loans up to Rs 2 crore. This loan will come under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Guarantee Scheme.
Who will get the loan
According to SBI’s 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, health sector manufacturers, suppliers, importers, logistics companies, etc. This loan can be repaid in 10 years. Arogyam loan can be taken for expansion and modernization or for working capital requirements.
SBI Chairman Dinesh Khara said that our health system has been providing uninterrupted and unprecedented assistance to the country amid the pandemic for the past one year. In recognition of 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,” he said. Through this, our effort is a step towards strengthening the healthcare infrastructure across the country.
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