Grow with Bank of Baroda.


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

Scheme For Financing Textile Units


Applicable to
This special scheme is offered to MSME borrowers in five Zones of Bank, namely Ahmedabad, Baroda, Chennai, Jaipur and Rajkot.
Nature of facility Term Loan/Demand loan, Cash Credit and
Non-Fund based limit ie LC & Bank Guarantees
Limit Minimum: Rs. 25 lacs, Maximum: Rs. 25 crores.
Purpose
  • Working Capital requirement both Fund Based and Non-Fund Based.
  • Financing new project i.e. acquisition / construction of land and building and plant and machinery (including second hand plant and machinery as per Bank guidelines) based on the project cost.
Eligibility

All new/existing units (including taken over from other banks) engaged in textile activity including Job worker /Traders falling under MSME Segment.
The following textile activities may be covered under the scheme:

A) Regulatory:

i)  Manufacturing of :

  • Cotton Fabrics
  • Cotton Yarn
  • Worsted Fabrics
  • Readymade Garments
  • Denim
  • Jute Textiles
  • Viscose Staple Fibre
  • Viscose Filament yarn
  • Acrylic Fibre
  • Texturizing
  • Fibre Intermediates (polyester)
  • Blended yarn
  • Manmade Fibres
  • Warp knitting
  • Circular knitting
  • Dyeing or/and printing unit
  • Grey cloth weaving
  • Embroidery Unit
  • Jari badla/ Jari thread/ malai Dhori
  • Spinning of cotton / synthetic yarn
  • Synthetic-Fabrics
  • Man Made Fibres

B) Baroda SME Gold Card:

Borrower accounts with ‘Standard’ category for the last 1 year subject to internal credit rating of Bank. The constitution of borrower can be Proprietorship / Partnership concerns / LLP / Private Limited Co. / Ltd Co. HUF are not eligible.

Method of assessment of working capital limit As per Bank Guidelines.
Note A: Assessment of limit should be independent of TUFS subsidy ie while calculating DSCR and Margin, projected TUFS subsidy should be excluded.
Rate of Interest The interest rate under this scheme is applicable as per Table A, subject to certain conditions mentioned in Note A:

TABLE A

Sector

Rate of Interest

Micro and Small Enterprise BRLLR + SP + 1.50% or as per credit rating whichever is lower, subject to Minimum Obligor rating accepted in Bank.
Medium Enterprise BRLLR + SP + 1.50% or as per credit rating whichever is lower, subject to Minimum Obligor rating accepted in Bank.
SME Expanded MCLR + SP + 2.00% or as per credit rating whichever is lower, subject to Minimum Obligor rating accepted in Bank.

 

Note A :

  • Internal Credit rating should be carried out and only the accounts with internal rating accepted as per Bank Guidelines, shall be considered for financing.
  • Bank reserve the right to refix the spread as and when deemed fit without prior intimation.
  • For the Exposure upto Rs. 5 crores borrower may opt for ROI Linked to CMR Rating.
  • Bank offers special concessional ROI and allows higher exposure limit for borrowers in Baroda & Jaipur Zone.
Margin

Type of Facility

Type of Primary Asset

Margin

Cash Credit Stock and Book Debts 25% (minimum)
Term Loan Factory Land & Building

30%

New Plant & Machinery and other misc. fixed assets

25%

Second hand Plant & Machinery (under TUF scheme)

30%

Second hand Plant & Machinery (imported)

30%

Second hand Plant & Machinery (indigenous outside TUF scheme)

40%

Period
  • For working capital facilities : 12 Months
  • For Term Loan: Maximum 9 years (including moratorium period), subject to review every year.
Repayment of Term Loan
  • In suitable monthly Instalment after Initial Moratorium period.
  • Interest to be serviced every month even during moratorium period.
Request Callback

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

Select Loans and Advances Type
  • Baroda Arogyadham Loan
  • Baroda Artisans Credit Card
  • Baroda Contractor Scheme Mumbai
  • Baroda Contractor Scheme
  • Baroda Covi HealthCare Scheme
  • Baroda GST Receivables Card For MSME Entrepreneurs
  • Baroda SME Gold Card
  • Baroda SME Loan Pack
  • Baroda Vidyasthali Loan
  • 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)
  • Digital MSME Loan
  • Pre-Sanctioned CME Loan Limits for Strategic Segment customers
  • Digital Mudra Loan
  • Baroda E-Business Pack
  • Baroda Laghu Udyami Credit Card
  • Baroda Loan to Business Correspondents
  • Baroda MSE General Credit Card
  • Baroda Property Pride
  • 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
  • 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
  • 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, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.