MSME borrowers (Regulatory) and SME (Expanded) rated BOB-5 and above. The manufacturing/service sector units should have been established in the line of activity for a minimum period two years, Account running with satisfactory dealings for last one year & above and No adverse features are reported in conduct of account
The loan to be considered for the following capital expenditure related with the regular business activity:
- Replacement of old machinery, Purchase of balancing equipments, Modernization, Investment in Research and Development, Installation of captive power plants and Upgradation of technology, Alteration in layout of factory/office, Acquisition of software, hardware, and tools, jigs, fixtures etc. forming part of Plant & Machinery, Purchase of cars, passenger cars for staff and other vehicles for use of business purpose.
- 25% of gross Block of Plant & Machinery for MSME(Mfg.) as per last Audited Balance Sheet or 10% of the working capital for service sector based on DSCR and subject to cap -
- Baroda MSME Capex card: Min. 25 lacs and Max Rs.5.00 Crore.
- Baroda MSME Capex Loan: Min 25 lacs and Max Rs. 2.00 Crore.
The facility to be made available as Fund Based / or Non-Fund Based Limits (i.e. including establishment of LCs) ensuring that aggregate exposure does not exceed the overall limit
Land & Building-30%, Plant & Machinery-25%
3 to 7 years including the moratorium period.