Bank of Baroda partners with Gujarat govt to provide MSME loans

Bank of Baroda signed an MoU with the Gujarat government to facilitate the flow of credit in the Micro, Small and Medium Enterprises (MSMEs) sector. As per the agreement, the credit will be provided to the MSME for greenfield projects, startups, women entrepreneurs and entrepreneurs from backward areas under the Gujarat Single Window Clearance Act 2017 & Ordinance Number 1 of 2019 dated October 24, 2019.

Important takeaways for all competitive exams:

  • Bank of Baroda Headquarters: Vadodara, Gujarat.
  • Bank of Baroda MD & CEO: PS Jayakumar.
  • Bank of Baroda Tagline: India’s International Bank.

Source: The Times of India

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