HDFC Bank and Indian Dental Association signs a MoU

Udaipur : HDFC Bank,India’s leading private sector bank and Indian Dental Association (IDA) have entered into a Memorandum of Understanding (MoU)to offer seamless and hassle-free funding to freshly graduated dentists for setting uptheirdental practices. This willhelp to boostthe oral healthcare infrastructure in the country. The loans extended under this initiative will be guaranteed by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), a joint initiative by the Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI).

The MoU was signed by Ms. Gayatri Rao Korde – ZonalHead & Senior Vice President, HDFC Bank along with Mr.SumitYagnick – SeniorVice President, Business loans, HDFCBank and Dr. Ashok Dhoble– Hon. Secretary General, IDAin the presence of the Chief Guest Shri. Sandeep Varma – CEO, CGTMSE, Mr. Rajeev Kumar, Executive Vice President – HDFC Bank, Mr. Faisal Sara, Executive Vice President – HDFC Bank, Mr.RaghavendraswamyMynampati – Zonal Head, HDFC Bank, Dr.KashmiraHadkar – ProjectHead, IDA and other senior officials from HDFC Bank and IDA.

According toa report by World Health Organisation (WHO), there aretwo dentists per 10,000 populationin India. This partnership was the brainchild of Late Mr. Nilesh Samant, former Zonal Head, HDFC Bank and his efforts were instrumental in bringing the three organisations together on a common platform. This uniquely curated initiativewill further aim at enhancing the oral healthcare infrastructure and boosting healthcare finance in the country. This is inline with the National Oral Health Policy ofthe Ministry of Health and Family Welfare, Government of India.

IDA has over 75,000 registered dentists and close to 25,000 new dentists graduate every year. With this MoU,HDFC Bank and IDA along with CGTMSE will work together to facilitate easy access to finance to empower freshly graduateddentists to set up their dental practice. Eligible dentists can avail a loan amount up to Rs 10 lakhs with a repayment tenure of 1-5 years. Under this scheme, dentists will have the benefit of the finance being made available basis minimum documentation and without any collateral/security and previous financial track record.

Speaking at the ceremony, Ms. Gayatri Rao Korde– Zonal Head & Senior Vice President, HDFC Banksaid, “We are happy to join hands with IDA andCGTMSE in what we believe can be a transformativecollaboration.A nation of our sizeneeds more dentists and easier access to oral healthcare infrastructure. Through this initiative we are helping to bridge the gap by encouragingdental practitioners especially fresh graduates to set up clinicsacross the country including rural locations.”

Dr Ashok Dhoble – Hon. Sec General, IDA Said, “In a profession like ours, which requires high initial capital to set up a dental clinic, this collaboration with HDFC Bank will go a long way in encouraging young dentists to start their own practice. We are delighted to collaborate with HDFC Bank and CGTMSE to help the profession grow and expand its reach across the length and breadth of our country and thus contribute to our vision of ‘Optimal oral health for all’.”

Shri. Sandeep Varma, CEO CGTMSE & the Chief Guest said, “We are happy to be associated with HDFC Bank and IDAand back this arrangement with a guarantee mechanism.This collaboration will fund even those dentists who are new to credit. We are also confident about the scalability of the initiative byleveragingtechnology and use of digital channels. This will help complete the process seamlessly and also make it accessible to a greaternumber of dentists resulting in creation offurther opportunities in the dental and allied sectors.”

Related posts:

Bajaj Finance hikes FD rates for most tenures by up to 60 bps; highest rate continues at 8.85% 
प्रशांत अग्रवाल ‘सर्वश्रेष्ठ व्यक्ति’ राष्ट्रीय पुरस्कार से सम्मानित
जिंक फुटबॉल के मोहम्मद कैफ ने भूटान में अंडर-16 कप में भारत की जीत में अहम भूमिका निभाई
नारायण सेवा के अवार्ड समारोह में अनुपम खेर ने 55 शख्सियत को किया सम्मानित
Kangaroo Kids Educationset to roll-out its chain of schools in Rajasthan
सिटी पेलेस में महाशिवरात्रि पूर्व रंगोली में रंगे महादेव
एआईसीसी मेंबर दिनेश खोडनिया का समाजों और संस्थाओं ने किया भव्य अभिनंदन
पारस जे. के. हॉस्पिटल में नि:शुल्क बहुआयामी चिकित्सा शिविर का आयोजन आज से
मकर संक्रान्ति पर नारायण सेवा के शिविरों में 850 से अधिक दिव्यांग हुए लाभान्वित
हिन्दुस्तान जिंक के सीएसआर लाभार्थियों को वित्तीय सेवाएं प्रदान करने के लिए इंडिया पोस्ट पेमेंट्स बै...
महाराणा प्रताप की देश के स्वाभिमान के लिए न्योछावर होने की सोच युगों-युगों तक जीवित रहेगी : लक्ष्यरा...
बैंक संबंधी जिला स्तरीय समीक्षा समिति बैठक में वार्षिक साख योजना 2024-25 पर हुई चर्चा

Leave a Reply

Your email address will not be published. Required fields are marked *