Financial help from Banks for BAMS Doctors

Courtesy: Dr.Sachin Rewar,
Delhi

Dear friends greetings.
scheme DOCTOR PLUS - bank is providing easy loan upto 10 lacs to without any collateral security to ayurvedic doctor's to establish own clinics.Almost all the banks have attractive schemes of providing loans to doctor's without any security. Below is the copy of the scheme for reference.
DOCTOR PLUS Reference CirCO/Adv/195/2002-03 DATED 18.01.2003 CirCO/Adv/233/2002-03 DATED13.3.2003 CCO/Adv/47/2003-04, CCO/Adv/264/2003-04 CCO/Adv/67/2003-04, CCO/Adv/311/2003-04 Cir CO/Adv/13/2004-05 DATED 07.04.2004 CirCO/Adv/201/2004-05 DATED 29.10.2004 CCFO/Adv/8/2007-08 DATED 13.04.07 CCFO/Adv/44/2007-08 DATED 23.05.07 Target Group Medical practitioners of any discipline, promoters of hospitals and nursing homes, pathological clinics, polyclinics, X-Ray labs, etc. Eligibility · Individuals/ partnerships / Corporates /Trusts (with powers to borrow) · Promoters should be registered practitioners and should possess minimum qualification to practice in a discipline such as MBBS/ BDS/BAMS/ GAMS/BHMS Purpose To finance qualified medical practitioners · For buying equipments (For dentists, the loan also covers dental implants besides equipments; For orthopedists, the loan also covers various replacements/implants for hip/knee/shoulder/spine etc.) · Setting up clinic, nursing home pathology labs, drug store, ambulance, computers, vehicles, etc. · Expansion/renovation/modernization of existing premises Type of Facility · Medium Term Loan · Cash Credit Loan Amount Maximum of Rs.5 crores of which a sub ceiling for WC limits at · 10% of total loan amount for upto Rs.1 crore · 5% of total loan amount for above Rs.1 crore- Minimum Rs.10 lakhs Repayment · Minimum DSCR 1 : 1.5 · Maximum period upto 7 years · Maximum moratorium 12 months Interest Based on credit scoring model. SCORE INTEREST RATE 65 & Above 2.00% below SBAR 55-64 1.50% below SBAR 45-54 1.00 % below SBAR 35-44 0.50% below SBAR Below 35
Please check with the Banks and go ahead for the blog may not be responsible for the good and the bad.
This is an information passed with good heart.........
ALL THE BEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!