State Bank of India recently launched the Aarogyam Healthcare Business Loan to provide enhanced support to the healthcare sector in the country amid pandemic.
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Under the Aarogyam Healthcare Business Loan, the country’s largest lender will cover entire healthcare ecosystem such as hospitals, nursing homes, diagnostic centres, pathology labs, manufacturers, suppliers, importers, logistic firms engaged in critical healthcare supply.
They can avail of loans upto Rs 100 crore, depending on their geographic location. The loan will be repayable in 10 years.
The Aarogyam Loan can be availed either as term loan to support expansion/modernization or as Working capital facilities such as cash credit, bank guarantee/letter of credit.
In metro centres loans under Aarogyam can be availed upto Rs 100 crores, Tier I & Urban centres upto Rs 20 crores and in Tier II to Tier VI centres upto Rs 10 crores.
