BANK OF BARODA

Micro small and Medium enterprises (MSMEs) products

Policies regarding MSMEs can be classified into three heads-
1. Deposits
2. Loans and advances
3. Other services
Now we are going to take each head comprehensively.

Deposits

Fixed Deposit

Fixed deposits are categorised into deposits with a term period of less than 12
months, more than 12 months and recurring deposits. These deposit plans offer
convenient solutions to both working individuals as well as senior citizens.

 Higher ROI in comparison with savings account.

  low-risk instruments
 depending on your chosen preferred term period (short-term or
long-term)
 security and competitive interest rates 
 several other features such as nomination facility, overdraft
facility, etc.

Types of fixed deposit schemes

capital gain
short term long term account
scheme 1988

short term deposit

 Minimum deposit amount ofRs.1000/-

 Minimum period of deposits7 days
 Rate of interest depends on Maturity Period
 Long term deposit

Baroda Advantage fixed deposits (Non callable)

 Minimum Deposit Amount Rs 15,01,000/-

 Maximum Deposit Amount No Limit
 Deposit Tenure : Minimum - 12 months, Maximum - 120 Months

BOB Suvidha Fixed Deposit Scheme

 Minimum amount required to open an account Rs. 5000/-

 Deposit Tenure : Minimum - 12 months, Maximum - 60 Months
 Interest will be compounded quarterly & credited to your account Half
Yearly

 
Regular Income Plan

 Deposit account can be opened with minimum amount of Rs. 1,000/-

 Deposit Tenure : Minimum - 12 months, Maximum - 120 Months
 Interest on your deposit credited on Quarterly Basis

 
Monthly Income Plan

 Deposit account can be opened with minimum amount of Rs. 1,000/-

 Deposit Tenure : Minimum - 12 months, Maximum - 120 Months
 Interest will be paid on monthly basis at Discounted Rate

 
Regular Income Cum Recurring Deposit

 An additional interest for senior citizens0.50%

 Deposit account can be opened with minimum amount ofRs. 1,000/-
 Deposit Tenure :Minimum - 12 months, Maximum - 120 Months

 
Term Deposits

 Processing fees will be charged for Loans and Advances against bank
depositsNone
 Minimum amount required to open an accountRs. 1,000/-
 Deposit Tenure :Minimum - 12 months, Maximum - 120 Months
  
Baroda Tax Savings Term Deposit

 All individuals and HUF are eligible to invest in theProduct

 Period of the deposit :Minimum 5 years, Maximum up to 10 years
 Minimum amount shall be & in multiples of Rs. 100/-

Capital Gain Account Scheme, 1988

The Capital Gain Account Scheme helps you avail tax exemptions from capital
gains, with two types of accounts, savings and term deposit accounts. The term
deposit scheme comes with a nomination facility and minimum principal
amount of Rs.1000.

Loans and Advances

MSME loans

The Micro, Small and Medium Enterprises in Manufacturing and service sector
are defined as under in MSMED ACT, 2006

Investment in Plant & Machineries Investment in Equipment in

in case of Manufacturing case  of Service Sector
Particulars Enterprises Enterprises

Micro
Enterprises Up to Rs. 25/- lacs Up to Rs.10/- lacs

Small Above Rs. 25/- lacs and up to Above Rs.10/- lacs and upto
Enterprises Rs.500/- lacs Rs.200/- lacs

Medium Above Rs.500/- lacs and up to Above Rs.200/- lacs and up to

 Enterprises Rs.1000/- lacs Rs.500/- lacs

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).

Loans for food and agro processing will be classified under Micro and Small
Enterprises, provided the units satisfy investments criteria prescribed for Micro
and Small Enterprises, as provided in MSMED Act, 2006.

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 250.00 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. ln case of new projects, where
the estimated sales turnover in the first full year of commercial operation ('12
months) is up to Rs.250/- Crs.

 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

Competitive Pricing linked to tenor based MCLR .

Baroda vidyasthali loan

Target group

Educational institutions

Eligibility

All Educational institutions including play school exposure limited to Zee school,
Euro Kids, Kidzee, World school ( and their franchise). HUF are not eligible.
Credit rating BOB-6 and above only to be financed under the Scheme.

Nature of Facility

Term Loan/Overdraft(OD to existing profit making concerns only)

Purpose

 Construction of building including expansion, modernization & renovation

activities of educational institution.
 Purchase of instruments for Education / Training purpose.
 Finance for purchase of land alone is not permissible. However, if the land
cost is included in the total cost of project, the same can be financed.  However,
land cost should not be more than 20% of the total project cost and an
undertaking to be obtained that building construction will be completed within a
period of 2 years.
 OD for short term fund requirements based on Cash budget provided the
institution is profit making and without any other Bank liability.
 Vehicles can be financed as per CV finance product guidelines.

Baroda Arogyadham Loan

 Eligibility

o All MSMEs in Regulatory and Expanded.

Exclusion: Real Estate Projects are not eligible

Promoters /owners should not be HUF.
Note: At-least one of the Promoters/ Director( non-individual) / Doctors should
have requisite qualification in any branch of medical science.

Purpose

 Setting up/ Purchase of ready possession of new Clinic/Hospital etc.

 Expansion/renovation/modernization of existing Hospitals/facility.
 Purchase of new medical diagnostic equipment/office equipments.
 To meet working capital requirements including stock of medicines.

Nature of facility

Demand / Term Loan, Overdraft, L/C, B/G

Limit

Minimum Rs. 0.05 crs

Maximum       (Rs. In Crores)

0.25
Rural

Semi Urban 6.00

Urban 12.00

Metro 30.00

Rate of Interest
 Competitive Pricing linked to tenor based MCLR .

Composite loan
Eligibility

 Small Enterprises (Manufacturing Sector) including artisans, village and

cottage industrial units and Micro Enterprises in Small Enterprises Sector, and
 Micro/Small (Service Sector) Enterprises engaged in industrial activities
only.
Purpose

 Fixed capital investment and / or working capital requirement.

Type Of Facility

Composite loans.

Amount of Loan

Upto Rs. 100/- Lakhs.

Margin

 Nil in case of composite loan upto Rs. 25,000/-.

 15% - 25% in case of composite loans above Rs. 25000/- and upto Rs.
100/- Lakhs.
Security

 Charge on assets created out of loan amount and other collateral

securities as determined on the merits of each case.
Repayment Period

 Minimum 3 years and maximum of 10 years (which can be extended), with

initial holiday of 12 months to 18 months.
Rate of Interest

Competitive Pricing Linked to tenor based MCLR

 Working capital Finance

Bank of Baroda offers corporations, Working Capital Finance to meet their

operating expenses, purchasing inventory, receivables financing, either by direct
funding or by issuing letter of credit.
Key Benefits

 Funded facilities, i.e. the bank provides funding and assistance to actually
purchase business assets or to meet business expenses.
 Non-Funded facilities, i.e. the bank can issue letters of credit or can give a
guarantee on behalf of the customer to the suppliers, Government Departments
for the procurement of goods and services on credit.
 Available in both Indian as well as Foreign currency.

Rate of Interest

Competitive Pricing linked to tenor based MCLR .

Government Schemes under MSME Banking

MSME sector being one of the largest contributors to employment generation,

Government runs various schemes with or without subsidy component to
promote new entrepreneurs in the sector and also to support the healthy
growth of the entire sector.

The Pradhan Mantri Mudra Yojana or PMMY is a flagship scheme of the

Government of India to extend affordable credit to micro and small enterprises.

Mudra loans are designed to bring enterprises into the formal financial system,
or to “fund the unfunded”. Loans under PMMY scheme are available to non-farm
micro or small enterprises engaged in income generation through
manufacturing, trading and services. Enterprises involved in allied agricultural
activities can also apply for Mudra loans.

Benefits

 The Mudra loan scheme offers credit facilities to micro and small
enterprises engaged in income generation.
 One of the key benefits of a Mudra loan is that borrowers are not
required to provide security or collateral. Additionally, there are no processing
charges on Mudra loans.
 The credit facilities extended under the PMMY can be for any type of fund
or non-fund based requirements. Hence, borrowers can use the Mudra loan
scheme for a variety of purposes. The credit from Mudra loans can be used for
term loans and overdraft facilities, or to apply for letters of credit and bank
guarantees.
 There is no minimum loan amount for Mudra loans.

Features

There are three types of Mudra loans depending on the loan amount:

 Shishu : Loans sanctioned under the PMMY scheme up to Rs.50000

 Kishore : Loans sanctioned under the PMMY scheme from Rs.50001 up to

Rs.5.00 lakh

 Tarun : Loans sanctioned under the PMMY scheme Rs.5,00,001 up to

Rs.10.00 lakh

 While there is no minimum loan amount under the Mudra loan scheme,
the maximum loan amount that can be taken under the PMMY is Rs.10 lakh.
 Borrowers don’t need to pay processing charges or offer collateral if they
avail a Mudra loan
 As per the PMMY scheme, the Mudra loan can not only be offered to
enterprises in the non-farm sector but also can include those engaged in allied
agricultural activities, such as horticulture and fisheries.
 The interest rate on Mudra loans is determined by the Marginal Cost of
Lending Rate or MCLR, which is calculated according to the RBI guidelines

Eligibility

 All “Non farm enterprises”

 under “Micro Enterprises” and “Small Enterprises” segment
 engaged in “income generating activities”
 engaged in “manufacturing, trading and services“ and
 whose “credit needs are up to Rs.10.00 lacs”
 Now allied agriculture activities have also been included under PMMY
scheme w.e.f. 01.04.2016.

Interest rates and charges

Limits Micro Enterprises Small Enterprises

Up to Rs.50000/- MCLR+SP (MCLR+SP)+0.50%

Above Rs.50000/- to Rs.2.00 lacs (MCLR+SP)+0.50% (MCLR+SP)+0.70%

Above Rs.2.00 lacs to Rs.10.00 lacs (MCLR+SP)+0.70% (MCLR+SP)+0.85%

Processing Charges : Nil

Standup India Scheme (SUI)

Purpose: To meet credit requirement of Scheduled Caste (SC) or Scheduled

Tribe (ST) and at least one woman entrepreneur for setting up Greenfield
projects under manufacturing, services or the trading sector.
Eligibility Criteria: All loans more than Rs. 10 lakhs and up to Rs. 1 Crore to SC /
ST borrowers and women entrepreneurs for Greenfield projects only.
In case of non-individual enterprises at least 51% of the shareholding and
controlling stake should be held by either an SC/ST or Woman entrepreneur.
.Applicant should not be in default to any bank/financial institution.

Quantum of loan:
 Minimum loan amount: Rs 10 lacs
 Maximum loan amount: Rs. 1 crore

TECHNOLOGY & QUALITY UPGRADATION (TEQUP)

SCHEME
  This scheme is implemented by Ministry  of  MSME  for  Energy 
Efficient  Technology  for Technology  and  quality  up  gradation  support 
to  MSMEs under the scheme of Technology &
Quality up gradation  support  to MSMEs  (TEQUP). This is one of the
components of National Manufacturing Competitiveness Programme
(NMCP). The main objective  of  the  scheme  is  to  sensitize  the 
Indian  MSMEs  to  upgrade  their manufacturing processes
towards usage of Energy Efficient Technologies (EET). Our Bank is
nominated by Ministry of MSME as one of the implementing agencies for
the said scheme.

 Government of India will  provide  financial  support  to  the  extent  of 

25%  of  the  project  cost  for implementation of Energy Efficient
Technologies (Energy saving minimum 15%) as per approved Detailed
Project Report (DPR) subject to maximum of Rs.10.00 Lacs per project.

Baroda laghu udhyami credit card

Purpose :

To meet the credit requirements of Small business units, retail traders, artisans,
village industries, small scale industrial units and tiny units, professionals and
self-employed persons, etc.,

Eligibility:

The scheme is applicable to all existing customers under MSE sectors, who are
dealing with us for the last three years satisfactorily and enjoying loan/operative
limit up to Rs.10 lakh are eligible.

Limit:

Maximum limit up to Rs.10.00 lacs

Period:

The limit fixed under the scheme will be valid for a period of -3- years, subject to
internal annual review based on the conduct / operations of the account.
 Margin:

Limit Margin

Up to Rs. 50,000/- Nil

Rs. 50,001 to Rs. 10,00,000/- 25%

Rate of Interest

Competitive Pricing linked to tenor based MCLR .

Baroda MSE general credit card

 Purpose :

 Working Capital Requirement

 Financing new project, i.e., acquisition of land/ construction of building,
plant and machinery based on project cost/expansion project
 Non-fund based facilities ( Bank Guarantee and Letter of Credit)
Limit:

 Minimum -Rs.25000/-
 Maximum - Rs. 10.00lacs

Baroda GST Receivables Card For MSME Entrepreneur

Eligibility:

 Any individual taking up non-farm entrepreneurial activity across the

country
 However Individuals will not be eligible for “Baroda MSE General Credit
Card” if he/she has been issued any type of credit card such as BKCC, BACC,
BWCC, LUCC, BOBCARD, Any other type of credit card etc. except the Cards for
consumption needs.
 Margin:

For Working Capital/Term Loan/Demand Loan/Non Fund Based: 20%

Land & Building: 25 %

Period:

 Term /Demand Loan: Maximum 84 months with -12- months moratorium

 Working Capital: For 12months subject to annual review.
Rate of Interest

Competitive Pricing linked to tenor based MCLR .

Purpose:

To provide additional working capital assistance to customers facing crunch in

liquidity arising out of GST paid on purchases and input tax credit on the same
not yet claimed / eligible for refund.

Eligibility:

 Existing MSME (Regulatory & Non Regulatory) borrowers enjoying working

capital limits with the Bank with satisfactory conduct.
 New MSME (Regulatory & Non Regulatory) customers to whom fund
based working capital limits are being sanctioned.
Quantum of Loan/Disbursement quantum:

Up to 80% of:

o Input tax credit under GST pending as on date which is to be

claimed in future; and / or
o Input tax credit unutilized under GST where refund is to be
applied / already applied to the concerned authority.
As per CA (Statutory Auditor of the firm / company) Certificate to that effect.

Disbursement shall be restricted against input tax credit pertaining to the

immediately preceding quarter only, from the quarter in which request for
disbursement is made (Jan-Mar, Apr-Jun, Jul-Sept., Oct-Dec.). For e.g. for
 disbursement request made anytime between 1st April to 30th June 2018,
eligible input tax credit should pertain to January to March 2018 quarter only.

Tenure:

Maximum up to -9- months including maximum moratorium period up to -3-

months.

Rate of Interest

Competitive Pricing linked to tenor based MCLR .

Baroda SME Gold Card

Eligibility

 All Micro, Small and Medium Enterprises – as per regulatory definition and
SMEs as per expanded definition viz;. entities with their annual sales turnover up
to Rs. 250/- crores fulfilling following criteria:-
In case of existing accounts-

 A/c in Standard Category for last 2 years

 Obligor credit rating of “BOB-5” and above
 Working capital limits of Rs. 25/- lacs and above.
In case of Take Over accounts:-

 Obligor credit rating of “BOB-5” and above

 No deviation allowed in Take over norms while taking over account
 Working capital limits of Rs. 25/- lacs and above.
 Eligible for the facility only after one year of takeover of the a/c
Notes :

 Accounts having sole banking arrangement with our bank are only eligible
for Baroda SME Gold Card under both the above cases.
 There should not be any major inspection irregularities in the account.
 Purpose

 To meet emergent requirements and tie up temporary mismatch in

liquidity arising out of delayed payment by buyers, tax payment etc.
Nature of facility

 Working Capital
Limit

 10% of the assessed MPBF

Security

 Charge on current assets, extension of charge on fixed assets if stipulated

for CC.
 Personal guarantee of Directors
 Collateral security as available to other facilities.
Period

 12 months – to be allowed on 4 occasions during the year for a maximum

period of 2 months on each occasion. However, there should be a minimum gap
of 15 days between two drawals.
Rate of interest

 As per Credit Rating and as applicable to Cash Credit

Other conditions

 As applicable to regular Cash Credit and other facilities

MSME Capex Loan and Capex Card

Eligibility

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
 Purpose

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.
Limit

 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

Margin

Land & Building-30%, Plant & Machinery-25%

Repayment

3 to 7 years including the moratorium period.

MSME Textile Scheme

Purpose

Financing working capital requirements for New project i.e. acquisition /

construction of land and building and plant and machinery (including second
hand plant and machinery as per 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 SME Segment as per
regulatory definition.

Limit:

 Minimum Rs. 25.00 lacs

 Maximum Rs. 25.00 crores
 Assessment of limit will be independent of TUFS subsidy
Margin:

For cash credit:

25% on Stock and Book Debts (minimum)

For Term Loan:

 Factory Land & Building: 30%

 New P & M and other misc. fixed assets: 25%
 Second hand P & M (under TUF scheme): 30%
 Second Hand P &M (imported): 30%
 Second hand P & M (indigenous outside TUF scheme): 40%
Pricing:

Competitive rate of interest linked to MCLR

Baroda SME Loan Pack

Eligibility

MSMEs in Regulatory and Expanded.

Borrower to exclusively to deal with BOB
 Purpose

To provide hassle free credit for working capital (fund based and non-fund
based) as also capital expenditure related to the business of the borrower within
the overall composite limit sanctioned to the borrower.

Composite limit

4.5 times of borrower’s tangible net worth as per last audited Balance Sheet, or,
Rs. 10.00 crores, whichever is lower.

Delivery of Product

By way of fund based (Short or Long term) or non-fund based facilities as per the
requirements of the borrower, within the overall composite limit sanctioned to
the borrower.

Period for TL

Maximum period up to 7 years

Margin

25% on all the facilities

Rate of Interest

Competitive Pricing linked to tenor based MCLR .

BOB Weaver Mudra Scheme

Objective

 The scheme aims at providing adequate and timely assistance from the
Bank to the weavers to meet their credit requirement i.e. for investments need
as well as for Working Capital in a flexible and cost effective manner. The
scheme will be implemented both in rural and urban areas.
Eligibility

 Existing or experienced Handloom Weavers involved in weaving activity

 Purpose

 Purchase of looms and related CAPEX and need based WC requirement

Facility

 Demand loan & Working capital finance

Max.Limit

 Rs.5.00 Lacs (Inclusive of Demand Loan and W.C. finance)

Rate of Interest

 ROI as per prevailing rate applicable to MSME segment as under

 Competitive rate as per MCLR
 Interest subsidy to be claimed from GOI: Difference amount i.e. 4.35% at
present subject to change in MCLR shall be calculated and adjusted in the
account on quarterly basis.
 (Pl. note that interest subsidy will be available only up to -3- years from
the date of first disbursement)
Margin

 20 % of total project cost (Capital Expenditure & W.C)

 Margin up to Rs.10000/- or 20% whichever is less shall be provided by
GOI.
Assessment of Limits

 Demand Loan: 80% of cost of Looms and other capital expenditure

 Working Capital limit: Bank finance will be 20% of estimated / projected
turnover less margin.
Subsidy to be provided by Government

 Interest subsidy- To provide working capital loans at the interest rate of

6% to handloom sector; the quantum of interest subsidy to be borne by the Govt
of India will be limited to the difference between the actual rate of interest as
applicable/charged by the Banks and 6% interest to be borne by the borrower.
The maximum interest subsidy would be capped at 7%.
 Margin Money assistance:
 @20% of the project cost subject to a maximum of Rs.10000/- per weaver will be
provided.

Securities

 Exclusive Hypothecation Charge on machinery and stock

 Credit guarantee from CGTMSE
Issuance of Mudra Card

 The beneficiaries under the Scheme will be issued a Mudra Card having
the daily withdrawal limit of Rs.5000/- per day.
Kindly visit to the nearest branch for further details

SME Short Term Loan

Purpose

 To meet temporary liquidity shortfall/ mismatch in the line of business

activity. This facility is not to be extended for other purposes like repayment of
loans of other banks or institutions, unsecured loans etc.
Borrower Group

 MSMEs in Regulatory and Expanded.

 Exclusion sectors: Real Estate sector, Power Sector, Education sector IT
sector.
Eligibility Criteria

 Satisfactory credit rating (BOB-5 and above) without continuous decline

for the last three years and for 4 half years for accounts where credit rating is
done on half yearly basis.
 Latest financial documents with satisfactory performance.
 Satisfactory dealings with the Bank for at least three years without any
major inspection/audit irregularities
Loan amount

 Min-Rs.10 Lakhs,
Max-Rs.250 Lakhs
 Note : Adhoc facility and short term loan cannot be concurrent.
 Period

 12 months including moratorium period.

Unified processing, Upfront & Documentation charges

 25% concession in the applicable charges.

Rate of Interest

Competitive Pricing linked to tenor based MCLR .

SME Medium Term Loan

Purpose

 To augment enterprises’ working capital gap and to help in improvement

of current ratio and also for meeting genuine business requirements. The facility
will also be available for repayment of secured and unsecured Loans of other
banks or institutions, but not for any purpose, which is not related to the
enterprises activity.
Borrower Group

 MSMEs in Regulatory and Expanded.

 All other entities with their annual sales turnover of Rs. 1/- crore to Rs.
250/- crores. In case of new projects, where the estimated sales turnover in the
first full year of commercial operation (12) months is up to Rs. 250 crores. For
real estate projects, where project cost is up to Rs. 50 crores.
Eligibility Criteria

 Satisfactory credit rating without continuous decline for the last three
years and for 4 half years for accounts where credit rating is done on half yearly
basis.
 Latest financial documents with satisfactory performance in terms of sales
/ turnover and profits. Negative variance, if any, should not be more than 10%.
 Satisfactory dealings with the Bank for at least three years without any
major inspection/audit irregularities.
Loan amount

 Min-Rs.25 Lakhs,
 Max-Rs.500 Lakhs
Period

 Not exceeding –36- months, to be repaid in equal quarterly or half-yearly

installments.
Unified processing , up front & Documentation Charge

 25% concession in the applicable charges.

Rate of Interest

Competitive Pricing linked to tenor based MCLR .

Term Finance

Under Term Finance, Bank of Baroda, offers the following

 Fund Based Finance for capital expenditure / acquisition of fixed assets

towards starting / expanding a business or industrial unit or to swap with high
cost existing debt from other bank / financial institution.
 Non-Fund Based Finance in the form of Deferred Payment Guarantee for
acquisition of fixed assets towards starting / expanding a business or industrial
unit.
Rate of Interest

Competitive Pricing linked to tenor based MCLR .

Small Business Borrowers

Best suited for individuals conducting business independently, with or without

hired labour. Enables them to purchase equipment (including PC for
professional use), acquiring new or repair existing business premises, tools and
working capital requirement.
 key Benefits

 Can be used for the purchase of any necessary equipment, like a personal
computer (PC) for professional use.
 Repair and renovation of existing equipment.
 Acquisition and repairs to business premises, or tools.
 To generate working capital.
 All the accounts rated as A+ will be entitled for loans at a lower interest
rate.
 Simple application procedures.
 Avail of loans at all branches of Bank of Baroda. To get a detailed list of all
the Bank of Baroda branches
 All complaints and grievances can be reported to the regional zone offices
or directly to the Central office.
Terms & Conditions

 Those who conduct any business / profession independently with or

without hired labour such as persons in the medical profession, lawyers,
engineers, contractors, consultants, electricians, hair dressers, handicrafts
artisans, etc., are eligible.
 To avail of a loan, a DP note, with letter of hypothecation of equipment
with the mortgage of business premises has to be submitted to the bank.
 The upper limit of the loan is Rs. 5 Lakhs for businessmen and
professionals out of which the working capital should not exceed Rs. 1 Lakh.
 For professionally qualified medical practitioners setting up practice in
semi-urban and / or rural areas: Limit of Rs.10 Lakhs with sub-limit not
exceeding Rs. 2 Lakhs for working capital.
Rate of Interest

Competitive Pricing linked to tenor based MCLR .

Baroda E-Business Pack

Eligibility

 Minimum -02- years in existing business activity/ies with minimum 10% of

the total sales of last 6 months should be by way of digital mode and the Firm /
Company must be profit making (Cash Profit) for the last two years.
 Purpose

 Cater to the needs of finance of firms / companies / undertaking digital as

well as non-digital transactions of MSME Service sector and retail trade units.
 Linkage with POS machine / OR Code / UPI based app / payment gateway
for digital transactions.
Type of Facility

 Overdraft / Demand Loan / Term Loan / Composite Loan for Working

capital requirement / financing capital expenditure to MSME Regulatory.
Limit

 For working capital and Term Loan Maximum upto Rs.500 Lac (Out of
which Term Loan Limit will be maximum upto Rs.100 Lac)
Period

 Overdraft: 12 months
 Demand loan / Term Loan: Maximum repayment period shall be up to 60
months (including maximum moratorium period of -06- months)
Margin

 Working capital: Minimum 6.25% on projected / accepted non-digital

turnover and 7.50% of the portion of turnover which is projected to be digitally
transacted.
 Demand Loan / Term Loan: 25%
Concessions

 0.25% concession on applicable rate of interest as per bank’s extant

guidelines will be allowed subject to minimum interest @ MCLR + SP
Top up Loan

 Top up loan in case of Term Loan / Demand Loan, may be considered

after a lock in period of 12 months (from the date of 1st installment ) subject to
regular repayment / satisfactory conduct of account in past.
 Other Guidelines for Borrowers under Micro & Small Segment

 No collaterals are to be obtained for limits up to Rs.10.00 lacs and all

eligible loans will be covered with NCGTC guarantee scheme under PMMY loans
(Pradhan Mantri Mudra Yojana).
 Credit limits above Rs.10.00 Lac to Rs.200.00 Lac to other beneficiaries
engaged in the activities of service sector (other than Retail Traders activity) will
be collateral free and eligible loans will be covered with CGTMSE guarantee
scheme.
Rate of Interest

Competitive Pricing Linked to tenor based MCLR

Baroda Contractor Scheme

Purpose:

To provide working capital assistance (fund based / non fund based) in the form
of running limit (overdraft), Inland / Foreign Letter of Credit, Bank Guarantee for
meeting working capital needs to the existing and prospective contractors / sub-
contractors.

Eligibility:

MSME units engaged in contractor / sub-contractor activity and falling within the
meaning of Micro, Small & Medium Enterprises as per Regulatory definition and
all other entities with annual sales turnover up to Rs. 250/- crores.

Margin:

OD: 25%
BG / LC: 20%
Limits:

Minimum: Rs. 10.00 lacs, Maximum: Rs. 30.00 crores (Including FB and NFB)
Inter-changeability from FBWC limit to BG / LC may be permitted by the
sanctioning authority on merits.
 Rate of Interest

Competitive Pricing linked to tenor based MCLR .

Construction and Mining Equipment

Eligibility:

Individual / Proprietorship Firm/Partnership firm / company engaged in

construction or Mining activity (Contractors).

Purpose:

To provide hassle- free Term Loan for purchase of new construction and mining
equipment to Eligible First Time Buyer, Small, Medium, Large and Strategic
segment contractors and Mining operators.

Key Features:

 Faster loan - Our loan sanction and disbursal is one of the quickest with
hassle-free documentation and doorstep service.
 No Prepayment Charges after Completion of 50% of Loan tenure.
 No Prepayment Charges for loans upto Rs. 50.00 Lacs, if the borrower is
classified as Micro or Small Enterprise.
 No Collateral Security
 No hidden charges.
Loan Amount:

Upto Rs. 50.00 Crores

Loan Tenure:

Upto 5 Years
Margin:

Minimum 10% on Ex-showroom Price.

 Competitive rate of interest linked to MCLR.

For Micro and Small Enterprises Interest rate linked to Repo Rate (BRLLR). Other
Enterprises Interest rate linked to Yearly MCLR.

Baroda Artisans Credit Card

Eligibility

 All artisans involved in production/manufacturing process (and otherwise

eligible for credit facility for carrying out the proposed activities under any of the
existing bank’s schemes) would be eligible.
 Preference would be given to artisans registered with Development
Commissioner (Handicrafts)
 Thrust in financing would be on clusters of artisans and artisans who have
joined to form Self Help Groups (SHGs).
 All existing artisans borrowers of the bank enjoying credit facilities up to
Rs. 2/- lacs and having satisfactory dealings with the bank.
Issue of Cards

 The beneficiaries will be issued with a photo card indicating sanctioned

limit and validity period of credit facility. He would also be issued a passbook or
a credit cum passbook incorporating his/her details.
Fixation of Credit

 The credit limit would be fixed based on assessment of working capital

requirements as well as cost of tools and equipments required for carrying out
manufacturing process. The maximum limit to be sanctioned under the scheme
would be Rs.2/- lacs.
The limit is expected to be utilized as a revolving cash credit and will provide
for any number of drawals and repayments within the limit. Bank may,
however, fix a repayment schedule for the portion of loan availed for
purchase of tools and equipments. 

Period/Validity

 Maximum 3 years subject to annual review.

Margin

Up to Rs.25000/-

Above Rs.25000/- up to Rs.2/- Lacs

Rate of Interest

Competitive pricing as per MCLR.