SBI unveils business loan for healthcare sector
The Hindu
State Bank of India (SBI) has announced Aarogyam Healthcare Business Loan under which the entire healthcare ecosystem such as hospitals, nursing homes, diagnostic centres, pathology labs, medical devi
State Bank of India (SBI) has announced Aarogyam Healthcare Business Loan under which the entire healthcare ecosystem such as hospitals, nursing homes, diagnostic centres, pathology labs, medical devices, equipment manufacturers, suppliers, importers and logistics firms engaged in critical healthcare supply can avail loans of up to ₹100 crorerepayable in 10 years. The loan can be availed either as term loan to support expansion/modernisation or as working capital facilities such as cash credit, bank guarantee/letter of credit. In metro centres, loans can be availed up to ₹100 crore, tier I & urban centres up to ₹20 crore and in tier II to tier VI centres up to ₹10 crore.
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