UCO Doctor Loan Scheme (Revised)

1. What credit facilities are provided under the UCO Doctor scheme?

A: Both term loan & Cash credit.

2. What should be the minimum DSCR for term loan under the UCO Doctor scheme?

A: 1.50

3. What is the maximum term loan in rural/semi-urban areas under the UCO Doctor scheme?

A: Rs 50lac

4. What is the maximum term loan in Urban/Metro areas under the UCO Doctor Scheme?

A: Rs300lac

5. What is the maximum cash credit limit that can be sanctioned under UCO Doctor Scheme?

A: a) Maximum 10% of the loan amount up to Rs100lac

b) Maximum 5% of the loan amount above Rs100lac

6. What amount of collateral security is to be taken for loans & advances up to Rs100lac under the UCO Doctor Scheme?

A: No collateral security and third party guarantee. To be compulsorily covered under CGSMSE.

7. What is the margin to be contributed by the borrower in case of UCO Doctor Scheme?

A:i) Term loan: Loans up to Rs10lac: 15%, others: 20% of the cost of the project/equipment.

ii) Working capital: 10%

8. What is the term loan repayment period under UCO Doctor Scheme?

A: 60 months (including moratorium of 6 months). The loan shall be repayable in EMIs commencing after one month of completion of the project or moratorium of 6 months, whichever is earlier. Repayment period may be extended to 84 months by ZLCAC, where the project cash flow justifies the same.

9. Whether the repayment period may be extended from 60 months under UCO Doctor Scheme?

A: Repayment period may be extended to 84 months by ZLCAC, where the project cash flow justifies the same.

10. What is the processing charge under UCO Doctor Scheme?

A: 1% plus applicable service tax and education cess (minimum Rs1000/-)