SBI Business Loan: SBI introduced a new scheme to help the healthcare sectors in the midst of the Kovid-19 epidemic, to give them loans on easy terms.
Mumbai: According to its announcement, the country’s largest bank State Bank of India (SBI) has announced a business loan for the healthcare sector. The bank on Thursday introduced a new scheme to help the healthcare sectors in the midst of the Kovid-19 epidemic , to give them loans on easy terms . Under this, loans of up to Rs 100 crore will be made available to various sectors related to healthcare including hospitals, nursing homes, diagnostic centers. SBI said in a statement, ‘SBI has introduced Arogyam Healthcare Business Loan to provide support to the healthcare sector in the country amid the pandemic.’
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 inform that RBI Governor Shaktikanta Das, while announcing relief measures for various sectors of the economy amid the second wave of the Kovid epidemic, had said earlier last month that cash support of Rs 50 thousand crore would be made available to banks so that They could give new loans on priority basis to vaccine manufacturers, importers/suppliers of vaccines and suppliers of medical equipment, hospitals and others on easy terms.
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