Two lending programs for micro, small, and medium-sized businesses (MSMEs) have been developed by the Bank of Baroda (BoB). These programs seek to make it easier for the MSME sector, which is essential to India's employment and economic growth, to obtain funding. Baroda Mahila Swavalamban is the first program to target female entrepreneurs. The scheme is tied to the bank's Repo tied Lending Rate (BRLLR) and offers competitive interest rates beginning at 9.15%.
Two lending programs for micro, small, and medium-sized businesses (MSMEs) have been developed by the Bank of Baroda (BoB). These programs seek to make it easier for the MSME sector, which is essential to India's employment and economic growth, to obtain funding. Baroda Mahila Swavalamban is the first program to target female entrepreneurs. The scheme is tied to the bank's Repo tied Lending Rate (BRLLR) and offers competitive interest rates beginning at 9.15%.