Incentive Scheme for Establishment of New Super Specialty Hospital in Private Sector

DETAILS Launched on 13th December 2016, the "Incentive Scheme for Establishment of New Super Specialty Hospital in Private Sector" by the Health & Family Welfare Department, Government of Gujarat, aims to address the shortage of high-end medical facilities in remote areas by incentivizing private and non-governmental organizations to establish super specialty hospitals. The scheme provides 10% capital subsidy on medical equipment loans (up to ₹10 crore), 4% interest subvention (max ₹40 crore loan) for 7 years, and reimbursement of electricity duty for 5 years. Eligible entities include registered doctors, firms, trusts, and corporations. BENEFITS Capital Subsidy 10% of bank loans for medical equipment (max ₹10 crore). Disbursed post-hospital operationalization. Interest Subvention 4% interest relief on loans up to ₹40 crore for 7 years. Paid in 6 annual installments after a 1-year grace period. Electricity Duty Reimbursement 100% reimbursement for 5 years (quarterly claims). Employment Generation Mandates hiring qualified medical/paramedical staff. Disbursement Capital Subsidy: After Equipment Installation and Hospital Launch. Interest Subvention: Annual Installments Post 1-Year Grace Period. Electricity Reimbursement: Quarterly Claims. ELIGIBILITY The Following Entities Are Eligible Registered Doctors (Gujarat Medical Council). Partnership Firms, Companies, Trusts, Societies, Cooperatives. Hospital Requirements 50+ Total Beds,including 10+ Super Specialty Beds. Covers Specialties Like Cardiology, Neurology, Oncology, etc. (List Expandable by Government). Loan Conditions Only Loans for Construction/Equipment (Excludes Land/Working Capital).  Exclusions Excludes Government/Semi-Government Bodies.