The micro and small (service) enterprises shall include small road & water transport operators, small business, professional & self-employed persons, retail trade i.e. advances granted to retail traders dealing in essential commodities (fair price shops), consumer co-operative stores and advances granted to private retail traders with credit limits not exceeding Rs. 200/- lakh and all other service enterprises, as per the definition under MSMED Act.

Our bank has for internal purposes given focused attention to finance all Commercial enterprises i.e. enterprises which may be outside the purview of regulatory definition of SME but having turnover up to Rs 150.00 crores  and new infrastructure and real estate projects where the project cost is up to Rs. 50/- crores  by treating them as part of SME segment.

Key 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

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Service Charges

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