Bank of Baroda - India's International Bank - FAQs - Scheme for Small Road & Water Transport Operators

FAQs > Scheme for Small Road and Water Transport Operators

Scheme for Small Road and Water Transport Operators

Whether small Road and water Transport operators are included in Micro & Small enterprises?

Yes. Small Road and water transport operators satisfying the definition under MSMSD ACT stated above are included in Micro & Small (Service) enterprises.

Whether collateral security is required?

No collaterals/third part guarantee for loans up to Rs.100/- lacs which are covered under CGTMSE.For other accounts which are not covered under CGTMSE, Bank may stipulate collaterals as per Bank�s guidelines.


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