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Digital Mudra Loan

Mudra Loan

The Mudra loan scheme offers credit facilities to micro and small enterprises engaged in Manufacturing, Trading and services sectors.

Prerequisites for applying Mudra loan through this platform

Before applying the Mudra loan, the applicant should ready with following things;

  • Its valid mobile number and email ID,
  • PAN Details, GSTN username (In case registered with GSTN),
  • Mobile no registered with GSTN,
  • Latest 6 months Bank statement downloaded from respective bank’s website/ received from banks mail ID/bank detail such as Account no and IFSC Code,
  • Business registration details (if applicable) KYCof business and business promoter/partner/proprietor,
  • Associate concern details,
  • Existing loan details.

Available on platform

M-Connect+, Baroda Connect, Bank of Baroda Website

Eligible Borrowers
  • Individuals, Proprietary concern, Partnership Firm, Private Ltd. Company, Public Company are eligible to apply for Mudra Loan.
  • The applicant should not be defaulter to any bank or financial institution and should have a satisfactory credit track record.
  • The individual borrowers may be required to possess the necessary skills/experience/ knowledge to undertake the proposed activity.

Purpose of Assistance/Nature of assistance.
  • Need based Term Loan/Working Capital Loan to eligible borrowers.
  • MUDRA loan is not for consumption/personal needs.

Amount of Assistance

Amount of assistance Upto to Rs 10 lakh in three categories viz. Shishu, Kishore and Tarun.

Margin/Promoters Contribution

Margin/Promoters Contribution is as per the policy framework of the bank.

  • First charge on all assets created out of the loan extended to the borrower
  • No Collateral Security and elligible accounts covered under CGTMSE.

Interest rate Interest rates are to be charged as per the policy of the bank.Interest Rates & Charges

Upfront fee/Processing charges as per the policy of the bank.

There is no minimum loan amount for Mudra loans.

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Select Loans and Advances Type
  • Digital Mudra Loan
  • Baroda Arogyadham Loan
  • Baroda Artisans Credit Card
  • Baroda Contractor Scheme Mumbai
  • Baroda Contractor Scheme
  • Baroda Covi HealthCare Scheme
  • Baroda E-Business Pack
  • Baroda GST Receivables Card For MSME Entrepreneurs
  • Baroda Laghu Udyami Credit Card
  • Baroda Loan to Business Correspondents
  • Baroda MSE General Credit Card
  • Baroda Property Pride
  • Baroda SME Gold Card
  • Baroda SME Loan Pack
  • Baroda Vidyasthali Loan
  • Bill/Invoice Discounting Under Value Chain Finance
  • BOB Weaver Mudra Scheme
  • Commercial Vehicle Finance
  • Composite Loans
  • Loan for Construction and Mining Equipment
  • Coverage of Collateral Free Loans (CGTMSE)
  • Credit Link Capital Subsidy Scheme (CLCSS)
  • Dealers/Traders - Agriculture Inputs
  • MSME Capex Loan and Capex Card
  • MSME Loan
  • NHFDC Refinance
  • Prime Minister Employment Generation Programme (PMEGP)
  • Scheme For Professionals
  • SME Medium Term Loan
  • SME Short Term Loan
  • Standup India Scheme (SUI)
  • Technology and Quality Upgradation (TEQUP) Scheme
  • Technology Upgradation Fund Scheme (TUFS)
  • Term Finance
  • Vendor Bill Discounting Product for Vendors/Suppliers of Large Real Estate Developers
  • Working Capital Finance
  • Baroda Oxy Credit Line
  • Baroda Energy Efficiency Project (BEEP) Finance
  • Scheme For Financing Textile Units
  • Digital MSME Loan
  • Others

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