{"id":4103,"date":"2018-05-17T04:02:36","date_gmt":"2018-05-16T22:32:36","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=4103"},"modified":"2019-09-25T11:50:18","modified_gmt":"2019-09-25T06:20:18","slug":"bank-of-baroda-bob-mudra-loan","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/","title":{"rendered":"Bank of Baroda (BOB) Mudra Loan"},"content":{"rendered":"<p>The Pradhan Mantri Mudra Yojana was launched by the Government to offer affordable funding options to small and micro enterprises in India. This scheme was launched by the Prime Minister on April 8<sup>th<\/sup>, 2015 to help enterprises get credit for any non-fund based or fund based facility.<\/p>\n<h2>Features of Bank of Baroda Mudra Loan<\/h2>\n<p>The following are the key features of the\u00a0<strong>Mudra loan offered by Bank of Baroda<\/strong>.<\/p>\n<h2>Bank of Baroda offer three types of Mudra loans<\/h2>\n<p>a)\u00a0<strong>Shishu\u00a0<\/strong>&#8211; The loan amount approved under this scheme is up to Rs. 50,000.<\/p>\n<p>b)\u00a0<strong>Kishore<\/strong>\u00a0&#8211; The loan amount approved under this scheme is from Rs. 50,001 to up to Rs. 5 lakhs.<\/p>\n<p>c)\u00a0<strong>Tarun\u00a0<\/strong>&#8211; The loan amount approved under this scheme is from Rs. 5, 00,001 to up to Rs. 10 lakhs.<\/p>\n<p><strong>Processing Charges<\/strong>\u00a0&#8211; Bank of Baroda does not levy any processing charges on Mudra loans.<\/p>\n<p><strong>Security<\/strong>\u00a0&#8211; Borrowers do not have to submit any collateral security while availing the loan. Assets that have been created from the bank\u2019s finance would suffice.<\/p>\n<h2>Bank of Baroda (BOB) Mudra Loan Interest Rates<\/h2>\n<table class=\"table table-curved\">\n<tbody>\n<tr>\n<td colspan=\"2\"><strong>Small Enterprises<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Loan amount up to Rs. 50,000<\/td>\n<td>Base Rate plus 0.50%<\/td>\n<\/tr>\n<tr>\n<td>Over Rs. 50,000 to up to Rs. 2 lakhs<\/td>\n<td>Base Rate plus 1%<\/td>\n<\/tr>\n<tr>\n<td>Over Rs. 50,000 to up to Rs. 10 lakhs<\/td>\n<td>Base Rate plus 1.25%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><strong>Micro Enterprises<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Loan amount up to Rs. 50,000<\/td>\n<td>Base Rate<\/td>\n<\/tr>\n<tr>\n<td>Over Rs. 50,000 to up to Rs. 2 lakhs<\/td>\n<td>Base Rate plus 0.50%<\/td>\n<\/tr>\n<tr>\n<td>Over Rs. 50,000 to up to Rs. 10 lakhs<\/td>\n<td>Base Rate plus 1.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Eligibility criteria for Bank of Baroda Mudra Loan<\/h2>\n<div class=\"pull-right top-pad btm-pad tax-img-responsive\"><\/div>\n<ul>\n<li>All types of non-farm enterprises can avail a Mudra Loan.<\/li>\n<li>Enterprises falling under the category of small and micro units will qualify for a loan.<\/li>\n<li>Any unit involved in income generating activities, trading, manufacturing and services are eligible to procure a Mudra Loan.<\/li>\n<li>If the unit requires funding up to an amount of Rs. 10 lakhs, then Mudra loans can be easily availed.<\/li>\n<li>The loan applicant must not be a defaulter in any bank across India.<\/li>\n<\/ul>\n<h2>Documentation Required for BOB Mudra Loan<\/h2>\n<p>The following documents have to be given by\u00a0Mudra Loan\u00a0applicants. The requirements might vary according to the location the loan has been availed from.<\/p>\n<p><strong>Proof of Identity (Self-attested copies)<\/strong><\/p>\n<ol>\n<li>Voter\u2019s ID card<\/li>\n<li>PAN Card<\/li>\n<li>Driving License<\/li>\n<li>Passport<\/li>\n<li>Aadhaar Card<\/li>\n<\/ol>\n<p><strong>Residence Proof<\/strong><\/p>\n<ol>\n<li>Latest Telephone Bill<\/li>\n<li>Property Tax Receipt (the latest should be two months old)<\/li>\n<li>Electricity bill<\/li>\n<li>Aadhaar Card<\/li>\n<li>Voter\u2019s ID card<\/li>\n<li>Passport copies of Partners \/ Proprietors\/Directors<\/li>\n<li>Certificate proof for OBC\/SC\/ST\/Minorities<\/li>\n<\/ol>\n<p><strong>Proof of address for a business concern<\/strong><\/p>\n<ol>\n<li>License Copies<\/li>\n<li>Registration Certificates<\/li>\n<li>Documents containing address, ownership details, etc., of the business<\/li>\n<li><strong>Bank account statement for the last six months<\/strong><\/li>\n<li><strong>For loans amounting to Rs. 2 lakhs and above\u00a0<\/strong>&#8211; Balance sheets for the last two years with IT returns and sales tax returns.<\/li>\n<li><strong>For loans amounting to Rs. 2 lakhs and above\u00a0<\/strong>&#8211; Projected balance sheet for a year for working capital limits \/ Projected balance sheet for the entire loan tenure in case of term loans.<\/li>\n<li>Sales data for the current financial year.<\/li>\n<li>Project reports<\/li>\n<li>Partnership Deed of Partners<\/li>\n<li>Memorandum and articles of association of the business firm<\/li>\n<li>2 Photographs each &#8211; Directors \/ Partners \/ Proprietors<\/li>\n<li>If third party guarantee is not given, then the Asset &amp; Liability statement of the borrower, directors or partners needs to be submitted.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The Pradhan Mantri Mudra Yojana was launched by the Government to offer affordable funding options to small and micro enterprises in India. This scheme was launched by the Prime Minister on April 8th, 2015 to help enterprises get credit for any non-fund based or fund based facility. Features of Bank of Baroda Mudra Loan The &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bank of Baroda (BOB) Mudra Loan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-4103","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Bank of Baroda (BOB) Mudra Loan - Antworks Money<\/title>\r\n<meta name=\"description\" content=\"The Pradhan Mantri Mudra Yojana was launched by the Government to offer affordable funding options to small and micro enterprises in India. This scheme...read more\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Bank of Baroda (BOB) Mudra Loan - Antworks Money\" \/>\r\n<meta property=\"og:description\" content=\"The Pradhan Mantri Mudra Yojana was launched by the Government to offer affordable funding options to small and micro enterprises in India. This scheme...read more\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antworksmoney\/\" \/>\r\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/antworksmoney\" \/>\r\n<meta property=\"article:published_time\" content=\"2018-05-16T22:32:36+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2019-09-25T06:20:18+00:00\" \/>\r\n<meta name=\"author\" content=\"Team Antworks\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:site\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Antworks\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/\"},\"author\":{\"name\":\"Team Antworks\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7\"},\"headline\":\"Bank of Baroda (BOB) Mudra Loan\",\"datePublished\":\"2018-05-16T22:32:36+00:00\",\"dateModified\":\"2019-09-25T06:20:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/\"},\"wordCount\":542,\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/\",\"name\":\"Bank of Baroda (BOB) Mudra Loan - Antworks Money\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\"},\"datePublished\":\"2018-05-16T22:32:36+00:00\",\"dateModified\":\"2019-09-25T06:20:18+00:00\",\"description\":\"The Pradhan Mantri Mudra Yojana was launched by the Government to offer affordable funding options to small and micro enterprises in India. This scheme...read more\",\"breadcrumb\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.antworksmoney.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bank of Baroda (BOB) Mudra Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"name\":\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\",\"name\":\"antworksmoney.com\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"contentUrl\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"width\":335,\"height\":328,\"caption\":\"antworksmoney.com\"},\"image\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/antworksmoney\/\",\"https:\/\/twitter.com\/AntworksMoney\",\"https:\/\/www.linkedin.com\/company\/13288601\/\",\"https:\/\/in.pinterest.com\/antworksmoney\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7\",\"name\":\"Team Antworks\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g\",\"caption\":\"Team Antworks\"},\"sameAs\":[\"https:\/\/www.antworksmoney.com\/\",\"https:\/\/www.facebook.com\/antworksmoney\",\"https:\/\/twitter.com\/@AntworksMoney\"],\"url\":\"https:\/\/www.antworksmoney.com\/blog\/author\/admin-2\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bank of Baroda (BOB) Mudra Loan - Antworks Money","description":"The Pradhan Mantri Mudra Yojana was launched by the Government to offer affordable funding options to small and micro enterprises in India. This scheme...read more","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/","og_locale":"en_US","og_type":"article","og_title":"Bank of Baroda (BOB) Mudra Loan - Antworks Money","og_description":"The Pradhan Mantri Mudra Yojana was launched by the Government to offer affordable funding options to small and micro enterprises in India. This scheme...read more","og_url":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/","og_site_name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","article_publisher":"https:\/\/www.facebook.com\/antworksmoney\/","article_author":"https:\/\/www.facebook.com\/antworksmoney","article_published_time":"2018-05-16T22:32:36+00:00","article_modified_time":"2019-09-25T06:20:18+00:00","author":"Team Antworks","twitter_card":"summary_large_image","twitter_creator":"@AntworksMoney","twitter_site":"@AntworksMoney","twitter_misc":{"Written by":"Team Antworks","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/#article","isPartOf":{"@id":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/"},"author":{"name":"Team Antworks","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7"},"headline":"Bank of Baroda (BOB) Mudra Loan","datePublished":"2018-05-16T22:32:36+00:00","dateModified":"2019-09-25T06:20:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/"},"wordCount":542,"publisher":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#organization"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/","url":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/","name":"Bank of Baroda (BOB) Mudra Loan - Antworks Money","isPartOf":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#website"},"datePublished":"2018-05-16T22:32:36+00:00","dateModified":"2019-09-25T06:20:18+00:00","description":"The Pradhan Mantri Mudra Yojana was launched by the Government to offer affordable funding options to small and micro enterprises in India. This scheme...read more","breadcrumb":{"@id":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.antworksmoney.com\/blog\/bank-of-baroda-bob-mudra-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.antworksmoney.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Bank of Baroda (BOB) Mudra Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.antworksmoney.com\/blog\/#website","url":"https:\/\/www.antworksmoney.com\/blog\/","name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","description":"","publisher":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.antworksmoney.com\/blog\/#organization","name":"antworksmoney.com","url":"https:\/\/www.antworksmoney.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","contentUrl":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","width":335,"height":328,"caption":"antworksmoney.com"},"image":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/antworksmoney\/","https:\/\/twitter.com\/AntworksMoney","https:\/\/www.linkedin.com\/company\/13288601\/","https:\/\/in.pinterest.com\/antworksmoney"]},{"@type":"Person","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7","name":"Team Antworks","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g","caption":"Team Antworks"},"sameAs":["https:\/\/www.antworksmoney.com\/","https:\/\/www.facebook.com\/antworksmoney","https:\/\/twitter.com\/@AntworksMoney"],"url":"https:\/\/www.antworksmoney.com\/blog\/author\/admin-2\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=4103"}],"version-history":[{"count":2,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4103\/revisions"}],"predecessor-version":[{"id":6281,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4103\/revisions\/6281"}],"wp:attachment":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=4103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=4103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=4103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}