New Delhi, 10 Nov (KNN) The Bank of Baroda is celebrating the MSME sector with a special scheme called “Baroda MSME Utsav" which started from 7th October and will go on till 31st December 2021.

The bank tweeted yesterday that it is giving loans up to INR 50 crore to MSME with annual turnover of INR 250 crore.

Bank of Baroda has initiated this scheme with the intention of creating a self-reliant India and helping MSME industries.

The bank is offering loans to MSMEs at a reduced interest rates and support the country to excel.

It also shared a pamphlet along with the tweet in which information about the facilities being provided in the MSME festival has been given.

There will be no processing charge on this, along with this, 50% discount is also being given in the commission of BG / LC.

The bank has stated that the loan will be approved in a very short time, with interest rate starting from 6.55 percent.