Baroda Contractor Loan Scheme Baroda Contractor Scheme
Bank of Baroda's working capital, bank guarantee and letter of credit limits for MSMEs that work as contractors or sub-contractors.
Last updated on
- Status
- Open
- Run by
- Bank of Baroda
What you get
- From ₹10 lakh to ₹30 crore, counting cash and non-cash limits together
- Overdraft and working capital, plus bank guarantees and letters of credit
- Part of the working capital limit can be switched to bank guarantees or letters of credit, at the bank's discretion
- Margin of 25% on overdraft and 20% on bank guarantees and letters of credit
Who can apply
- Businesses that are already running.
- Open to businesses in services.
- Micro, small and medium enterprises.
- The most on offer is ₹30 crore.
- MSMEs working as contractors or sub-contractors. Other contractors with annual turnover up to ₹250 crore are also covered
How to apply
- Fill in the online MSME loan form, or SMS SMEreg to 8422009988
- The bank contacts you, or visit the nearest branch for details
In person, nearest Bank of Baroda branch, or give a missed call to 8467001111
In Kerala, any Bank of Baroda branch in Kerala, or the bank's online MSME loan form
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.