New Delhi: The Country's largest bank, the State Bank of India (SBI), has introduced a new scheme, The Aarogyam Healthcare Business Loan, to provide easy terms loans to health care sectors to help them amid the global epidemic of coronavirus. 100 crores will be provided on easy terms to various health care related sectors like hospitals, nursing homes, diagnostic centres, pathology labs, manufacturers, suppliers, importers, logistics companies engaged in essential health supplies etc.

SBI said in a statement that the bank has introduced an Aarogyam healthcare business loan to help the health care sector in the country amid the epidemic. 100 crore (as per geographical location) to hospitals, nursing homes, diagnostic centres, pathology labs, health sector manufacturers, suppliers, importers, logistics companies etc. This loan can be repaid in 10 years.

The bank said Aarogyam loans can be availed for expansion or modernization or working capital needs. According to the bank, loans up to Rs 100 crore can be availed under this facility in metropolitan cities while up to Rs 20 crores can be availed in medium and urban centres Tier 2). Loans up to Rs.10 crores can be availed in other smaller cities (Tier 3 to Tier 6). The bank has said that there will be no need to give any guarantee to the units for loans up to Rs 2 crores.

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