The Finance Minsiter Nirmala Sitharaman said the interest rate offered on the loan guarantee scheme is capped at 7.95 percent. Currently most private hospitals borrow at 12-14 percent interest rates. But executives of hospitals felt that the interest rates can be further cut by 200 basis points to make it more compelling to go beyond metro cities.Loan guarantee scheme to boost medical infra, but simplified approvals need of the hour, says private providers
The Finance Minsiter Nirmala Sitharaman said the interest rate offered on the loan guarantee scheme is capped at 7.95 percent. Currently most private hospitals borrow at 12-14 percent interest rates. But executives of hospitals felt that the interest rates can be further cut by 200 basis points to make it more compelling to go beyond metro cities.
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