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Baroda SPICE Scheme (Scheme for Promotion and Investment in Circular Economy)

Boost your business with the Spice Scheme from Bank of Baroda. Our tailor-made loan products for micro, small, and medium enterprises offer quick processing for your growth and success.

Project-cost ceilingProjects up to ₹50 lakh are admissible with a 25% plant-and-machinery subsidy; projects above ₹50 lakh may also be admitted, but the subsidy remains capped at ₹12.50 lakh.Customer typeEligible micro, small and medium enterprisesProcessing feeA 50% concession applies to the applicable processing charges. All other charges follow Bank of Baroda's extant guidelines; the page does not publish a base rupee amount.
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Quick eligibility check

Baroda SPICE Scheme (Scheme for Promotion and Investment in Circular Economy)

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: MSEs registered on the UDYAM portal investing in an existing brownfield unit in one of 11 identified circular-economy sectors and complying with Extended Producer Responsibility and waste-recycling targets?

Published source: Eligibility

2Do you meet this requirement: Greenfield projects are not eligible?

Published source: Eligibility

3Do you meet this requirement: Eligible micro, small and medium enterprises?

Published source: Customer type

4Do you meet this requirement: The SPICE page refers applicants to the Bank's extant guidelines?

Published source: Required documents

5Do you meet this requirement: BOB's current common commercial-loan checklist baseline includes: loan application?

Published source: Required documents

6Document checkDo you have this required document or proof: proprietor/partner/director identity and residence proofs?

Published source: Required documents

7Document checkDo you have this required document or proof: business-address proof?

Published source: Required documents

8Document checkDo you have this required document or proof: promoter/guarantor assets-and-liabilities and income-tax returns?

Published source: Required documents
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Circular-economy purposeFinances brownfield projects of MSEs upgrading or expanding existing circular-economy projects. Subsidy applies only to new plant and machinery acquired for technology and process upgrades; second-hand or fabricated machinery is excluded.View source
The official page describes the brownfield circular-economy purpose and machinery restrictions.
Source
Baroda SPICE Scheme
Page / section
Benefits / Features
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Capital subsidy25% subsidy on the cost of new plant and machinery, capped at ₹12.50 lakh.View source
The official benefits section publishes the 25% subsidy and ₹12.50 lakh cap.
Source
Baroda SPICE Scheme
Page / section
Benefits
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
EligibilityMSEs registered on the UDYAM portal investing in an existing brownfield unit in one of 11 identified circular-economy sectors and complying with Extended Producer Responsibility and waste-recycling targets. Greenfield projects are not eligible.View source
The official eligibility section lists , brownfield, 11-sector and EPR conditions.
Source
Baroda SPICE Scheme
Page / section
Eligibility Criteria
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Borrower ageFor an individual borrower or proprietor: minimum age 21 years and maximum age 65 years at the end of the loan tenure.View source
The official page specifies age only for an individual borrower or proprietor.
Source
Baroda SPICE Scheme
Page / section
Age
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
MarginFor loans up to ₹50 lakh, margin is 10% of invoice value. Above ₹50 lakh, margin is 10% on the first ₹50 lakh and 25% on the amount above ₹50 lakh.View source
The official margin section publishes the two-tier invoice margin.
Source
Baroda SPICE Scheme
Page / section
Margin
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Project-cost ceilingProjects up to ₹50 lakh are admissible with a 25% plant-and-machinery subsidy; projects above ₹50 lakh may also be admitted, but the subsidy remains capped at ₹12.50 lakh.View source
The official terms distinguish the ₹50 lakh project-cost threshold from the subsidy cap.
Source
Baroda SPICE Scheme
Page / section
Terms & Conditions
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Processing charges50% concession on applicable processing charges; all other charges follow the bank's extant guidelines.View source
The official fees section publishes the processing-charge concession.
Source
Baroda SPICE Scheme
Page / section
Fees & Charges
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Processing feeA 50% concession applies to the applicable processing charges. All other charges follow Bank of Baroda's extant guidelines; the page does not publish a base rupee amount.View source
The official fees section publishes a 50% concession and says all other charges follow extant guidelines, without a base amount.
Source
Baroda SPICE Scheme
Page / section
Fees & Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Customer typeEligible micro, small and medium enterprisesView source
The manually reviewed product record states: “Eligible micro, small and medium enterprises”.
Source
Baroda SPICE Scheme (Scheme for Promotion and Investment in Circular Economy) — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗
Required documentsThe SPICE page refers applicants to the Bank's extant guidelines. BOB's current common commercial-loan checklist baseline includes: loan application; proprietor/partner/director identity and residence proofs; business-address proof; constitution documents; promoter/guarantor assets-and-liabilities and income-tax returns; MSME registration where applicable; projected and last three years' financial statements; property/lease/title documents where offered; incorporation/CIN/DIN records for companies; existing banking/loan details; GSTN where applicable; and licences or activity-specific records. The scheme page may require additional documents for the project, subsidy and machinery purchase.View source
The SPICE page points to extant guidelines; the linked current commercial-loan supplies the common baseline and expressly allows activity/facility-specific additions.
Source
Loans and Advances — Bank of Baroda common commercial-loan document
Page / section
— What documents need to be submitted for a Commercial Loan?; SPICE page — Documents Required
Accessed
29 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Finances brownfield projects of upgrading or expanding existing circular-economy projects. Subsidy applies only to new plant and machinery acquired for technology and process upgrades
  • second-hand or fabricated machinery is excluded.

Eligibility

  • registered on the portal investing in an existing brownfield unit in one of 11 identified circular-economy sectors and complying with Extended Producer Responsibility and waste-recycling targets. Greenfield projects are not eligible.

Passing a listed condition does not mean the bank will approve an application.

Related official documents

Baroda MSE SPICE Scheme — official product pageofficial-product-page · current · accessed 30 Aug 2026
↗
Loans and Advances — Bank of Baroda common commercial-loan document FAQofficial-catalogue-page · current · accessed 29 Sept 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Purpose · Published detailBrownfield project undertaken by to upgrade or expand an existing circular-economy project; subsidy only for new plant and machinery for technology/process upgrade

This value is copied from Baroda SPICE Scheme — published terms. Check the table notes before relying on it.

Source: Baroda SPICE Scheme — official Bank of Baroda page · Benefits; Features; Eligibility Criteria; Age; Margin; Documents Required; Fees & Charges; Terms & Conditions Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsBaroda MSE SPICE Scheme — published termsDecision-useful terms transcribed from the current official page; blank public comparison fields remain separately audited.View tableHide table

Scroll sideways to view every column

Baroda MSE SPICE Scheme — published terms
TermPublished detail
PurposeBrownfield project undertaken by to upgrade or expand an existing circular-economy project; subsidy only for new plant and machinery for technology/process upgrade
Subsidy25% of new plant and machinery cost, capped at ₹12.50 lakh
Eligible unit-registered ; existing brownfield unit in one of 11 circular-economy sectors; EPR and waste-recycling targets apply; greenfield projects excluded
AgeIndividual borrower/proprietor: minimum 21 years; maximum 65 years at end of loan tenure
Margin up to ₹50 lakh10% of invoice value
Margin above ₹50 lakh10% on first ₹50 lakh and 25% on the excess
Project costProjects up to ₹50 lakh admissible; projects above ₹50 lakh also admissible, but subsidy capped at ₹12.50 lakh
Processing50% concession on applicable processing charges; other charges as per Bank's extant guidelines
DocumentsAs per Bank's extant guidelines; common commercial-loan checklist is preserved as a baseline, with project/machinery additions possible
  • The page does not publish a numeric turnover threshold, interest rate, repayment tenure, collateral schedule or territorial restriction; those comparison cells remain blank with field-level evidence.
Baroda SPICE Scheme — official Bank of Baroda page · Benefits; Features; Eligibility Criteria; Age; Margin; Documents Required; Fees & Charges; Terms & Conditions · accessed 29 Sept 2026Open official source ↗

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