Sanjeevani: SME Loan for Healthcare Sector under ECLGS 4.0 - Business

Other Terms & Conditions :  

• Nature of Facility : Term Loan, Letter of credit

• Quantum of loan : Overall exposure including Term Loan and LC should not exceed Rs.2 Crs under GECL 4.0 for financing of setting up in-site oxygen generation plants.

• Rate of Interest : EBLR + 0.85% (Current effective rate 7.50%)

• Collateral Security : Nil

• Repayment Period :

  Term Loan : Maximum period of 5 years including moratorium period of upto 6 months.

• Upfront Fee/ Processing Fee : Waived as Covid-19 relief.

• Penal Interest : Waived for 1 year, subject to review after 1 year.

• Inspection Charges : Waived as Covid-19 relief.

• Scheme available upto : Sanctions up to 30.09.2021, Disbursement upto 31.12.2021

• Disbursement : 

  Under ECLGS 4.0, the tenor of facilities provided under GECL shall be for a maximum period of 5 years from the date of first disbursement of fund based facility or first date of utilization of non-fund based facility, whichever is earlier. Last date of disbursement under fund-based facility and utilization of LC under non-fund based facility shall be December 31, 2021.

  The last date for disbursement of fund-based facility under the scheme (ECLGS 4.0) is December 31, 2021.