New Delhi (India), June 28: In an era when the healthcare sector faces fundamental challenges ranging from paucity of infrastructure to dire need for modern equipment, Bank of Maharashtra presents itself as an ally of the medical community and offers the MAHA-DOC scheme designed specifically for Physicians. This scheme aligns with the bank's commitment to foster a robust healthcare ecosystem that prioritizes quality and accessibility for all.
Eligibility and Purpose: A Door to Improved Health Care
The scheme is designed for registered doctors with qualifications such as BAHMS, BAMS, BPT, MBBS and BDS, with professional experience of at least 2 years after qualification. Eligibility extends to those registered under the MSMED Act, 2006 and Udyam Registration Certificate holders, ensuring that a wide spectrum of the medical community benefits from this scheme.
The plan offers comprehensive support, covering various needs:
Establishing a healthcare facility: Acquiring premises to own and operate hospitals, clinics, nursing homes, physiotherapy centres, polyclinics and specialized centers such as skin clinics, endoscopy units, dialysis centers and more.
Equipment for Excellence: Shop essential medical equipment, including assistive devices, furniture, accessories, professional tools, computers, UPS systems, software and more.
Modernization and Expansion: Financing to renovate, expand or modernize existing healthcare facilities.
Essential Supplies: Access funds to stock up on critical medications and vaccines.
Specialized needs: The plan even extends to specialized needs, such as financing IVF centers, demonstrating its adaptability to various medical services.
Financial Features: A Closer Look
Quantum Loan: Medical professionals can avail term loans of up to Rs. 25.00 crores. Working capital loans to hospitals can be granted based on working capital assessment and need.
Interest Rates: Attractive interest rates linked to RLLR (Repo Linked Lending Rate), with reduced rate incentives based on collateral provided, loan amount, among other factors.
CGTMSE Coverage: Loans up to Rs. The CGTMSE covers Rs 5 crore, making the scheme more attractive for micro and small businesses.
Margins: For loans up to Rs. 2.00 crore, a margin of 20% of the project cost (15% for vehicles) and a margin of 25% for the cash credit limit will be maintained. For loans above Rs. 2.00 crore, the margin required is 25%, which shows a supportive financing structure.
Payment Flexibility: Depending on the plan, payment periods are up to 12 years, allowing professionals enough time to stabilize and grow their operations.
Bank of Maharashtra's MAHA-DOC scheme for doctors is not just a financial initiative. It is an integral part of a larger vision aimed at providing the Indian medical fraternity with the means to upgrade, expand and innovate within the healthcare sector. This plan is set to be a cornerstone in elevating the quality and accessibility of healthcare services, marking a significant step in addressing the current and future challenges of the healthcare industry in India.
For more information visit: https://bankofmaharashtra.in/mahabank-loan-scheme-for-doctors
.
Eligibility and Purpose: A Door to Improved Health Care
The scheme is designed for registered doctors with qualifications such as BAHMS, BAMS, BPT, MBBS and BDS, with professional experience of at least 2 years after qualification. Eligibility extends to those registered under the MSMED Act, 2006 and Udyam Registration Certificate holders, ensuring that a wide spectrum of the medical community benefits from this scheme.
The plan offers comprehensive support, covering various needs:
Establishing a healthcare facility: Acquiring premises to own and operate hospitals, clinics, nursing homes, physiotherapy centres, polyclinics and specialized centers such as skin clinics, endoscopy units, dialysis centers and more.
Equipment for Excellence: Shop essential medical equipment, including assistive devices, furniture, accessories, professional tools, computers, UPS systems, software and more.
Modernization and Expansion: Financing to renovate, expand or modernize existing healthcare facilities.
Essential Supplies: Access funds to stock up on critical medications and vaccines.
Specialized needs: The plan even extends to specialized needs, such as financing IVF centers, demonstrating its adaptability to various medical services.
Financial Features: A Closer Look
Quantum Loan: Medical professionals can avail term loans of up to Rs. 25.00 crores. Working capital loans to hospitals can be granted based on working capital assessment and need.
Interest Rates: Attractive interest rates linked to RLLR (Repo Linked Lending Rate), with reduced rate incentives based on collateral provided, loan amount, among other factors.
CGTMSE Coverage: Loans up to Rs. The CGTMSE covers Rs 5 crore, making the scheme more attractive for micro and small businesses.
Margins: For loans up to Rs. 2.00 crore, a margin of 20% of the project cost (15% for vehicles) and a margin of 25% for the cash credit limit will be maintained. For loans above Rs. 2.00 crore, the margin required is 25%, which shows a supportive financing structure.
Payment Flexibility: Depending on the plan, payment periods are up to 12 years, allowing professionals enough time to stabilize and grow their operations.
Bank of Maharashtra's MAHA-DOC scheme for doctors is not just a financial initiative. It is an integral part of a larger vision aimed at providing the Indian medical fraternity with the means to upgrade, expand and innovate within the healthcare sector. This plan is set to be a cornerstone in elevating the quality and accessibility of healthcare services, marking a significant step in addressing the current and future challenges of the healthcare industry in India.
For more information visit: https://bankofmaharashtra.in/mahabank-loan-scheme-for-doctors
.
