Baroda MSME Capex Loan

Bank	Bank of Baroda
Scheme	Baroda MSME Capex Loan
Description	The loan to be considered for the following capital expenditure related with the regular business activity Replacement of old machinery. Purchase of balancing equipment’s Modernization. Investment in Research and Development. Installation of captive power plants and Upgradation of technology. Alteration in lay out 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.
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.
Rate of Interest & Repayment
Collateral
Composite /loan Limit	Composite Limit- 15% of Plant & Machinery for MSME(Mfg.) and 25%for Services sector outstanding as per last Audited Balance Sheet or 10% of the working capital whichever is higher based on DSCR and subject to cap – Baroda MSME Capex card: Min. 25 lacs and Max Rs. 5.00 Crores. Baroda MSME Capex Loan: Min 25 lacs and Max Rs. 2.00 Crores
Margin	Margin Money- Land & Building – 30%, Plant & Machinery – 25
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