Eligibility
- All MSMEs in Regulatory and Expanded.
Exclusion: Real Estate Projects are not eligible
Promoters /owners should not be HUF.
Note: At-least one of the Promoters/ Director( non-individual) / Doctors should have requisite qualification in any branch of medical science.
Purpose
- Setting up/ Purchase of ready possession of new Clinic/Hospital etc.
- Expansion/renovation/modernization of existing Hospitals/facility.
- Purchase of new medical diagnostic equipment/office equipments.
- To meet working capital requirements including stock of medicines.
Nature of facility
Demand / Term Loan, Overdraft, L/C, B/G
Limit
Minimum Rs. 0.05 crs
Maximum (Rs. In Crores)
Rural |
0.25
|
|
Semi Urban
|
6.00
|
|
Urban
|
12.00
|
|
Metro
|
30.00
|
Financial Ratios
|
DE Ratio
|
TTL/TNW
|
3:1
|
|
|
TOL/TNW
|
4.5:1
|
|
DSCR
|
Average
|
1.75
|
- DSCR should not go below the level of 1.25 in any particular year.
- Operating Profit Margin (before I, D & T) not to be below 10% of sales.
- Minimum Interest coverage Ratio should be 2.
- Current ratio (excluding TL installments) minimum 1.17. (only for WC cases)
Other imp conditions
- Stock/Book Debts statement to be obtained once in a year.
- Cibil condition as per below:
- For Individual, score should not be below 700. 0 or -1 can be considered.
- For Non-individual, CMR ranking should not be below the rank of CMR -6.
- Collateral free loans upto Rs. 200/- lacs are eligible for guarantee cover under CGTMSE.
- Credit rating not less than ‘BOB 6’ as per CRISIL model.
Rate of Interest
Competitive pricing linked to Repo rate/MCLR