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Baroda Oxy Credit Line

Target Customer

Finance shall be provided for setting up captive Oxygen plant to existing borrowers engaged in activity of Hospitals / Nursing Homes / Clinics and units engaged in manufacturing of liquid oxygen, oxygen cylinders.

Type of facility

Term Loan / Letter of Credit

Tenor of loan

Upto 5 years including maximum moratorium of 6 months.

Interest to be served during moratorium.


  • Hospital / Nursing Homes constituted as Proprietorship Firm/ Partnership Firm/ Trust/ Society/Public Ltd / Private Ltd. (with powers to borrow).
  • Owners/Promoters need not be necessarily registered qualified medical practitioners. However, professional qualified doctors should be a part of management of the hospital.
  • Business unit should have required approvals/ registrations / permit / licence, wherever applicable, from the statutory/ regulatory authority.
  • ITR is mandatory in case of all existing units operating for more than one Financial Year.
  • Unit should not have incurred losses in past 2 years.

Loan Limit

Upto Rs.2 crores.


  • For Term loan: Upto 100% finance
  • For LC: 20%

Rate of Interest

To be capped at 7.50% p.a linked to BRLLR / MCLR of Bank.

Processing charges / Inspection charges


LC charges

50% concession.

Primary Security

Hypothecation of the assets financed by the Bank.

Collateral Security

  • No additional collateral shall be insisted by Bank for additional credit extended under the Scheme.
  • 100% Guaranteed by NCGTC under ECLGS 4.0. No Guarantee fees.
  • Existing Personal / Corporate Guarantee, if any, should not be extended to the loan under the scheme.
  • Maintenance of ESCROW account is mandatory for ring-fencing of cashflow from the project.

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