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Your micro, small, medium enterprises today will be a large corporate tomorrow.

MSME Loan

Overview

Government of India vide Gazette notification S.O. 2119(E) dated 26.06.2020 (Annexure-I) has notified revised criteria for classifying the enterprises as micro, small and medium enterprises and the revised definition is effective from 1st of July 2020.

Sector Manufacturing & Services
Micro Enterprise The investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed Rs. 5 crores.
Small Enterprise The investment in plant and machinery or equipment does not exceed Rs. 10 crores and turnover does not exceed Rs. 50 crores.
Medium Enterprise The investment in plant and machinery or equipment does not exceed Rs. 50 crores and turnover does not exceed Rs. 250 crores.
*Turnover (Excluding Export Sales)

Manufacturing enterprises i.e. enterprises engaged in the manufacture or production, processing or preservations of goods with investment in plant & machinery as stated above.

Service Enterprises i.e. enterprises engaged in providing or rendering services and whose investment in equipment as specified above. (Original cost excluding land & building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006).


Benefits

The loans and advances offered by Bank of Baroda for MSME Units can be used for the basic needs of:

  • Acquisition of factory, land and construction of building spaces.
  • Purchase of plant and machinery including lab equipment, testing equipment, etc.
  • Meeting working capital requirements, like raw materials, stock-in-progress, finished goods and for purchase or discounting of bills.
  • Temporary additional assistance for meeting the urgent needs of raw material.
  • Additional monitory assistance for any eligible purpose.

Rate of Interest

Competitive pricing linked to Repo rate/MCLR.

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Select Loans and Advances Type
  • Loan Guarantee Scheme for Covid Affected Tourism Service Sector
  • Digital Mudra Loan
  • Digital MSME Loan
  • Pradhan Mantri Mudra Yojana
  • Baroda Energy Efficiency Project (BEEP) Finance
  • PM SVANidhi Scheme (a special micro credit facility for street vendors)
  • Scheme For Financing Textile Units
  • Credit Guarantee Scheme for Subordinate Debt (CGSSD)
  • Pre-Sanctioned CME Loan Limits for Strategic Segment customers
  • Baroda Arogyadham Loan
  • Baroda Artisans Credit Card
  • Baroda Contractor Scheme Mumbai
  • Baroda Contractor Scheme
  • 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
  • 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
  • Others

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