StartupGrants India
Bank of Baroda
Corporate

Bank of Baroda

Maharashtra, IndiaEst. 1908

Bank of Baroda, a state-owned bank founded in 1908, lends to DPIIT-recognised startups under the national Credit Guarantee Scheme for Start-ups.

Official website

Bank of Baroda at a glance

Established1908
AddressMaharashtra, India
Programmes1 standing programme
Official websitebankofbaroda.bank.in

Programs Bank of Baroda supports

Programs this organisation funds, run by others. · 1 open now · 0 past

Open now

Credit Guarantee Scheme for Startups (CGSS)

under Credit Guarantee Scheme for Startups (CGSS)
by Bank of Baroda

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Programmes they run

Standing programmes at Bank of Baroda, separate from the funding calls above.

Credit Guarantee Scheme for Start-ups (CGSS)

Credit guarantee

A Bank of Baroda loan for DPIIT-recognised startups, with part of the bank's risk guaranteed under the national scheme.

Best for: DPIIT-recognised startups with a stable revenue stream that can take debt.

What you get, who can apply and how to apply

Bank of Baroda lends to startups recognised by DPIIT under the Credit Guarantee Scheme for Start-ups. The National Credit Guarantee Trustee Company guarantees part of the bank's risk. The bank may also take collateral; the guarantee is then limited to the exposure less the value of that collateral.

What you get

  • A bank loan, fund-based or non-fund-based, backed by a national guarantee.
  • Cover capped per borrower.

Who can apply

  • Startups recognised by DPIIT under the current gazette notifications.
  • Startups with a stable revenue stream that are not in default to any lending or investing institution.
  • Not real estate projects, and not HUFs.

How selection works: the bank certifies eligibility and then appraises the loan on its own credit policy, including a minimum internal credit rating.

How to apply: ask the Bank of Baroda MSME desk or a branch for the Credit Guarantee Scheme for Start-ups, and download the form from the scheme page.

Full Credit Guarantee Scheme for Start-ups (CGSS) guide

How to apply to Bank of Baroda

सही मार्ग चुनना

  • गारंटी केवल ऋण को कवर करती है। यदि आपको इक्विटी निवेशक या अनुदान चाहिए, तो यह पेज वह मार्ग नहीं है।
  • बैंक के MSME डेस्क से Credit Guarantee Scheme for Start-ups के बारे में नाम लेकर पूछें। यह योजना बैंक के MSME लोन पेजों पर सूचीबद्ध है।

आवेदन कैसे काम करते हैं

  • योजना पेज से आवेदन फ़ॉर्म डाउनलोड करें।
  • पिछले 12 महीनों के ऑडिटेड मासिक स्टेटमेंट तैयार रखें, क्योंकि बैंक इनसे स्थिर राजस्व का आकलन करता है।

चयन कैसे होता है

  • बैंक आपकी गारंटी के लिए पात्रता प्रमाणित करता है।
  • बैंक का अपना क्रेडिट मूल्यांकन लागू होता है, जिसमें न्यूनतम आंतरिक क्रेडिट रेटिंग भी शामिल है।
  • यदि आपके पास बैंक से पहले से BGECL लोन है, तो CGSS लोन लेने से पहले वह लोन बंद होना चाहिए।

About Bank of Baroda

Bank of Baroda is a state-owned bank founded in 1908 and headquartered in Vadodara, Gujarat. For startups, its main route is the Credit Guarantee Scheme for Start-ups (CGSS): a loan from the bank that the national guarantee trustee company partly guarantees.

How the scheme works

The Department for Promotion of Industry and Internal Trade runs the scheme, and the National Credit Guarantee Trustee Company implements it. The guarantee covers the bank against default on eligible loans. The cover is a share of the amount in default, higher for smaller loans and lower for larger ones, and it is capped per borrower. Borrowers pay a guarantee fee whose rate depends on the sector and the category of the business.

Who can apply

The scheme is open to startups recognised by DPIIT that have reached a stable revenue stream and can take debt. Real estate projects and HUFs are not eligible.

Who runs it

The scheme sets the guarantee only. The bank's own guidelines apply to the loan, including its tenure and its internal credit rating.

Locations

The bank's head office is in Vadodara. It serves customers through branches across India, including dedicated startup banking branches.

Frequently asked questions about Bank of Baroda

What is Bank of Baroda?

Bank of Baroda is a corporate based in Maharashtra.

What does Bank of Baroda do?

Bank of Baroda is a state-owned bank founded in 1908 and headquartered in Vadodara, Gujarat. For startups, its main route is the Credit Guarantee Scheme for Start-ups (CGSS): a loan from the bank that the national guarantee trustee company partly guarantees.

Where is Bank of Baroda located?

Bank of Baroda is based in Maharashtra, India.

What programs does Bank of Baroda run?

Bank of Baroda runs Credit Guarantee Scheme for Start-ups (CGSS).

How do I apply to Bank of Baroda?

- गारंटी केवल ऋण को कवर करती है। यदि आपको इक्विटी निवेशक या अनुदान चाहिए, तो यह पेज वह मार्ग नहीं है। - बैंक के MSME डेस्क से Credit Guarantee Scheme for Start-ups के बारे में नाम लेकर पूछें। यह योजना बैंक के MSME लोन पेजों पर सूचीबद्ध है। - योजना पेज से आवेदन फ़ॉर्म डाउनलोड करें। - पिछले 12 महीनों के ऑडिटेड मासिक स्टेटमेंट तैयार रखें, क्योंकि बैंक इनसे स्थिर राजस्व का आकलन करता है। - बैंक आपकी गा…

When was Bank of Baroda founded?

Bank of Baroda was founded in 1908. It is a corporate.