IB Doctor Plus

Particulars	Guidelines
Target Group	Individuals / registered partnership firm / Limited Company / Trust etc. Micro, Small & Medium Enterprises (MSME) – Service Enterprises. Key promoters or their spouse should be qualified medical practitioners, with satisfactory track record. Passed out students from various streams (Medicine, Dental etc.) planning to set up their diagnostic centre / clinics in India. To be eligible for this, the student must have completed the course in MBBS / BDS / BAMS / BUMS from recognised / approved college.
Purpose	Working Capital requirements, For Purchase/ Construction of Hospital / To set up clinic, clinic cum residence, nursing home (Allopathi, Homeopathy, Ayurvedic etc.), Machinery / Equipments etc. Second hand machinery should not be considered for financing.
Types of Facility	Fund Based: Working Capital / Term Loan Non-Fund Based: LC
Loan Amount	Minimum Loan Amount: Rs.1.00 Lakh Maximum: No Ceiling For fresh passed out students – Maximum exposure is Rs.2.00 Crores
Margin (Promoter’s contribution)	OCC – 20% Term Loan- 25%
Security	Primary Security : Hypothecation of assets created out of loan amount. Collateral Security : For MSEs: Ø Should be covered under CGTMSE. No Collateral Security / Third party guarantee to be obtained (or) Primary Security is held in the form of immovable properties with 100% coverage. Ø If Primary security is held in the form of immovable properties with less than 100% coverage, CGTMSE with Hybrid security to be obtained. For Medium Enterprises, Security coverage should be at a minimum of 100% in the form of immovable properties (Primary + Collateral Security).
Repayment terms	Maximum 120 months including moratorium of upto 12 months or stabilization of cash flows from the project whichever is earlier.
Processing & other charges	Processing Charges: Upto Rs 5 lac: Nil for first time borrowers Above Rs 5 lac: 0.30% on loan amount. All other charges are at Card Rate.

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