Baroda Arogyadham Loan

Purpose

• Setting up/purchase of ready possession of new clinics/hospitals, etc.
• Expansion/renovation/modernization of existing hospitals/facilities.
• Purchase of new medical diagnostic equipment/office equipment.
• To meet working capital requirements including stocks of medicines.

• All MSMEs are 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.

Nature of Facility

Demand/term loan, overdraft, L/C, B/G

Limit

Minimum: Rs. 5 crores

Maximum:

Financial Ratios

• 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 1.17(assessed only in working capital facilities)

Other important conditions

• Stock/book debts statement to be obtained once a year.
• CIBIL condition as per below:
  • For individuals, the 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 up to Rs. 200 lakhs are eligible for guarantee cover under CGTMSE. 
  • Credit rating not less than ‘BOB 6’ as per CRISIL model.

Competitive pricing linked to Repo rate/MCLR