Grow with Bank of Baroda.


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 Existing Definition Revised Definition
Manufacturing Services Manufacturing & Services
Micro Enterprise Investment in plant and machinery does not exceed Rs. 25 lakhs. Investment in equipment & Instruments does not exceed Rs. 10 lakhs. The investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed Rs. 5 crores.
Small Enterprise Investment in plant and machinery more than Rs. 25 lakhs but does not exceed Rs. 5 crores. Investment in equipment & Instruments more than Rs. 10 lakhs but does not exceed Rs. 2 crores. The investment in plant and machinery or equipment does not exceed Rs. 10 crores and turnover does not exceed Rs. 50 crores.
Medium Enterprise Investment in plant and machinery more than Rs. 5 crores but does not exceed Rs. 10 crores. Investment in equipment & Instruments more than Rs. 2 lakhs but does not exceed Rs. 5 crores. The investment in plant and machinery or equipment does not exceed Rs. 50 crores and turnover does not exceed Rs. 250 crores.

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.

Request Callback

Please fill in these details, so we can call you back and assist you.

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

Thank you ! We have successfully received your details. Our executive will contact you soon.

Related products

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies.