Baroda Mahila Swavalamban Mahila Swavalamban
Bank of Baroda's loan package for women led businesses, with a lower margin on machinery loans, a higher working capital limit for digital sales and collateral free cover under CGTMSE.
Last updated on
- Status
- Open
- Run by
- Bank of Baroda
What you get
- Collateral free up to ₹5 crore when the loan is covered under CGTMSE
- Repay over up to 10 years
- Lower margin on loans for machinery and other capital spending, with a minimum of 20% for new machinery
- Higher working capital limit when digital sales are more than 25% of turnover
- Free QR code for businesses that sell to the public
- 50% rebate on processing charges
Who can apply
- Micro, small and medium enterprises.
- Only for women.
- Udyam registration is needed. It is free.
- Business owned by a woman as an individual or sole proprietor, or a partnership or company where women hold 51% or more
- Must be registered for GST and on Udyam
How to apply
- Find your nearest branch with the branch locator on the Bank of Baroda website
- Visit with your GST and Udyam registration and business papers
In person, nearest Bank of Baroda branch, or call the toll free numbers 1800 5700 or 1800 5000
In Kerala, any Bank of Baroda branch in Kerala. The page gives no online form for this product
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 Seen something out of date?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.