A Study on Knowledge about Loan Services for Starting New Clinic and Hospital amongst Physicians in Vadodara

Abstract

In present time, starting of new hospital or clinic is becoming most common career option after completing medical education or taking experience of few years as physicians amongst medical professionals. The benefits of availing especially device loan for physicians are highly considered for the same but it is as per advice of financial consultant and not independent decisions of physician. Therefore, presented study was undertaken with a view to check knowledge and understanding about financing option for physician when they are studying yor taking experience at very initial phase of their career. The result shown that physicians don’t possess substantial and accurate knowledge about various basic concepts of loans irrespective of their gender or level of study. Therefore, it is recommended that they should be educated about financial literacy through training program or formal education during their study so that they become independent in their financial decisions.