Background Scheme for AYUSH Super Specialty Hospitals:
The Champion Services Sector Scheme for Medical Value Travel has been framed by Govt. of India to enhance Medical Tourism in the country especially in the field of Traditional System of Medicine, since the documentation/ record and focus on traditional system of medicine has been marginal or minimal till now. The initiative would not only promote and propagate Ayurveda, Yoga & other Traditional systems of medicine in India but also expected to increase foot fall of International patients/tourists/visitors in the country which in turn is likely to generate revenue in terms of foreign exchange for the country. The proposed scheme also intends for creating more opportunities for capacity building and skill development in Ayurveda, Yoga & other Traditional systems of medicine sector creating more AYUSH job opportunities and also nationwide authentic data generation in Ayurveda, Yoga & other Traditional systems of medicine sector.
Objective of the Scheme Scheme for AYUSH Super Specialty Hospitals:
To encourage private investors to invest in AYUSH sector through Establishment of World Class, State of the Art Super Specialty Hospitals/ Day Care Centres of the systems recognized under Indian Medicine Central Council (IMCC) Act, 1970 or Homeopathic Central Council (HCC) Act, 1973 for promoting export of medical value travel services including services supplied to foreign consumers in India by providing interest subsidy.
Eligibility Criteria:
- Any Private Institution(s)/Hospital(s)/Investor(s)/Small and Medium Enterprises / organization (s) willing to Establish World Class, State of the Art, Super Speciality Hospitals/ Day Care Centres of the systems recognized under Indian Medicine Central Council (IMCC) Act, 1970 or Homoeopathic Central Council (HCC) Act, 1973.
- The applicant Institution(s)/Hospital(s)/Investor(s) organization (s) should be registered under Societies Registration Act/ Trust/ Companies Act.
- Preference would be given to ASU&H practitioners registered under IMCC Act, 1970 or HCC Act, 1973.
- The scheme is applicable for the construction of new hospitals only.
- Desirable: Experience in running healthcare facilities.
Implementation Zone:
The scheme will be implemented in Green Field Mode on Pan India basis.
Funding Mechanism:
- Small Industries Development Bank of India (SIDBI), would be roped in for facilitation of easy loans through identified Public Sector Banks (PSBs) to the applicant organization (s)/investor (s)/SMEs for a period not exceeding five years for availing interest subsidy component from M/o AYUSH for the establishment of AYUSH Super Specialty Hospitals/ Day Care Centers as requested by the applicants.
- The quantum of financial support to be provided under this Scheme shall be in the form of Interest subsidy component in descending order i.e. 100% (1stYear), 70% (2ndYear), 50% (3rdYear), 40% (4thYear), and 20% (5thYear). Projects which are sanctioned and takes off in the 1st Year, 2nd year and 3rd year respectively of operation of the Scheme will avail Interest subsidy component as per details given below:
- 1st Year: 100% (1stYear), 70% (2ndYear), 50% (3rdYear), 40% (4thYear), and 20%
- (5thYear).
- 2nd year: 100% (1stYear), 70% (2ndYear), 50% (3rdYear), 40% (4thYear).
- 3rd year: 100% (1stYear), 70% (2ndYear), 50% (3rdYear).
- Admissibility of interest subsidy vs. investment made by the Investor as given below (Rs. In Cr.)
| SNO | Activity | Total No. of Hospitals/ Day care centre to be supported | Total estimated upper cap construction (including equipments and Machinery) cost as per scheme guidelines | Contribution to be made by the investor | Actual loan to be considered for interest subsidy | Maximum interest subsidy admissible as per scheme guidelines |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 1 | 50 bedded hospitals | 20 | Rs.50.00 | Rs.16.66 | Rs.33.33 | Rs. 08.15 |
| 2 | 10 bedded hospitals | 61 | Rs.15.00 | Rs.05.00 | Rs.10.00 | Rs. 02.45 |
| 3 | Day Care Centres | 74 | Rs.06.00 | Rs.02.00 | Rs.04.00 | Rs. 00.98 |
N.B. Investors are free to invest beyond the upper cap limit as mentioned in col. 3. However, Government will consider the payment of interest subsidy on actual loan to be considered as per col. 5, further subject to payment of interest subsidy as per actual loan raised by the investor, whichever is less. In any case, maximum interest subsidy admissible as per scheme guidelines shall not exceed the limit as mentioned in col. 7 of the table above. The maximum Rate of Interest admissible to get Interest subsidy shall be capped at 9% per annum or as per actual whichever is less.
- Interest subsidy will be provided by the Ministry of AYUSH directly to financial institution/ bank through SIDBI after confirmation by the bank to M/o AYUSH about the successful progress/completion of the project as per Construction Linked Plan CLP) /submission of requisite documents and payment of EMI by the applicant on pre-defined Terms of Reference (ToR).
Ministry of AYUSH would sign an Agreement/ Memorandum of Understanding (MoU) with SIDBI for proper execution of the scheme.
Add a Comment