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Bank of Baroda Launches Loans for MSMEs

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By Rediff Money Desk, Mumbai   Dec 06, 2024 20:24

Bank of Baroda introduces 'Baroda Mahila Swavalamban' for women entrepreneurs and 'Baroda Smart OD' for MSMEs. Read about other business news including Deutsche Bank's partnership with Akshaya Patra Foundation, Aditya Birla Sun Life MF's new offering and UK beauty companies participating in...
Bank of Baroda Launches Loans for MSMEs
Illustration: Uttam Ghosh/Rediff.com
Mumbai, Dec 6 (PTI) State-owned Bank of Baroda (BoB) on Friday launched two loan offerings aimed at micro, small and medium enterprises.

'Baroda Mahila Swavalamban' is a loan scheme for women entrepreneurs and 'Baroda Smart OD' is a digital overdraft facility that provides quick short-term working capital finance to GST-registered MSMEs, as per a statement.








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Deutsche Bank ties up with The Akshaya Patra Foundation
* German lender Deutsche Bank has tied up with The Akshaya Patra Foundation to combat classroom hunger by initiating the construction of a state-of-the-art kitchen in Pune's Shivajinagar.

Expected to be operational by early 2026, the multi-level kitchen will provide over 25,000 daily hot, nutritious meals to students in government and government-aided schools across Pune, according to a statement.








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Aditya Birla Sun Life MF rolls out new offering
* Aditya Birla Sun Life Mutual Fund company has launched a new offering for a conglomerates-focused fund.

The NFO will be open for subscriptions between December 5 and December 19, the company said in a statement.








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Over 12 UK beauty companies to participate in Cosmoprof India 2024
* Over a dozen UK beauty companies will be displaying at Cosmoprof India 2024, with three renowned British brands announcing new launches.

A special networking reception was hosted by His Majesty's Trade Commissioner for South Asia Harjinder Kang on December 4 as part of the efforts, according to a statement.
Source: PTI
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