Aarogyam Healthcare Business Loan by SBI

26 June 2021 Current Affairs:The SBI (State Bank of India) has launched the Aarogyam healthcare enterprise loan to guide the healthcare region amid the pandemic better.

♦ Under this new product, the complete healthcare ecosystem such as hospitals, nursing homes, diagnostic centres, pathology labs, manufacturers, suppliers, importers, logistic corporations engaged in vital healthcare providers can avail of loans up to 100 crores (as per the geographic location) repayable in 10 years, the country’s greatest state-owned bank.
♦ The Aarogyam loan by SBI can be availed either as a time period loan to assist expansion or modernisation or as working capital services such as money credit, bank guarantee/letter of credit.
♦ In metro centres, loans beneath Aarogyam can be available to Rs 100 crore, Tier I & Urban centres up to Rs 20 crore and Tier II to Tier VI, centres up to Rs 10 crore.
♦ The beneficiary units/borrowing Companies availing up to Rs 2 crore will now not be required to offer any collateral or safety to the bank. This will be protected under the warranty scheme of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

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