Baroda Vidyasthali Loan

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Have Different Needs.

Presenting a Wide Range of Loans
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Baroda Arogyadham Loan

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 instalment) minimum 1.00 (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 tenor based MCLR .

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