State Bank of India (SBI)-country’s largest lender on June 24, 2021 launched a new business loan scheme ‘Aarogyam Loan’ for the healthcare sector to extend loan support in view of the novel coronavirus pandemic.
- Under Arogyam Loan scheme, the entire healthcare ecosystem can avail of loans up to Rs 100 crore, repayable in 10 years.
- Aarogyam Healthcare Business Loan will be eligible under the COVID loan book being created by banks announced by RBI as part of COVID relief measures.
- The Aarogyam loan can be availed either as a term loan to support expansion or modernisation or as working capital facilities such as cash credit, bank guarantee/letter of credit.
