Clix Capital partners with Bank of Baroda to disburse loans in healthcare equipment space

TBB BUREAU

BHUBANESWAR AUGUST 1, 2022

Clix Capital (Clix) has entered into an exclusive co-lending partnership dedicated to healthcare financing, with Bank of Baroda, one of India’s leading public sector banks. Under the partnership, Clix and Bank of Baroda will provide loans at affordable rates in the healthcare equipment space, across Tier 2 cities and beyond.

This collaboration will enable the development of healthcare and diagnostic infrastructure across India, by providing financing for the purchase of medical equipment for doctors, clinics, hospitals, and diagnostic centers.

Speaking on the partnership with Bank of Baroda, Rakesh Kaul, CEO, Clix Capital said, “This association will open up the industry to an entirely new gamut of co-lending partnerships between banks & NBFCs. While MSME financing is a core area for Clix Capital as a lender, we are delighted to be taking it to another level with Bank of Baroda. We believe that this alliance will help us not just service MSMEs across India digitally, but also help in nation-building by supporting the development of healthcare infrastructure.”

 “With Bank of Baroda’s wide network & in-depth knowledge of the Indian market, and Clix’s deep understanding of the healthcare ecosystem & its strong underwriting capabilities, together, we can spearhead financial inclusion for MSMEs in the healthcare segment across India,” he added.

Dhrubashish Bhattacharya, Head – MSME Business, Bank of Baroda said, “This partnership with Clix Capital will provide Bank of Baroda with critical access to key players in the healthcare ecosystem operating in the heartland of India and enable us to extend credit and a range of funding options as they endeavour to build scale tomeet the healthcare needs of the country.”

Re-christened from GE Capital India in 2016, Clix Capital’s primary focus has been on micro and small healthcare professionals, as well as various medical institutions. Clix Capital has successfully financed 5000+ medical professionals and institutions over the past five years including 1500 entrepreneurs in setting up various healthcare-related units.