Bank of Baroda Signs MoU with SIDBI to launch bob Earth Circular Economy Scheme for MSEs
Bank of Baroda, one of India’s leading public sector banks, has signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) to launch the bob Earth Circular Economy Scheme (MSE Spice) under the Bank’s Green and Sustainable product category.
City Air News
Sep 9, 2025 07:29
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New Delhi, September 9, 2025: Bank of Baroda, one of India’s leading public sector banks, has signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) to launch the bob Earth Circular Economy Scheme (MSE Spice) under the Bank’s Green and Sustainable product category.
The scheme has been introduced as part of Bank of Baroda’s continued efforts to foster a greener and more sustainable future. It aims to empower Micro and Small Enterprises (MSEs) to adopt sustainable practices that promote resource efficiency, enhance competitiveness, and contribute towards global sustainability goals.
The MoU was signed in New Delhi by Madhur Kumar, Chief General Manager, MSME Banking, Co-Lending and SCF Department, Bank of Baroda and R. K. Singh, Chief General Manager, Green Climate Finance Vertical, SIDBI. The signing ceremony was graced by Rachna Mishra, General Manager, Government Relationship Department, Bank of Baroda and S. R. Meena, General Manager, SIDBI.
Speaking on the occasion, Madhur Kumar, Chief General Manager, Bank of Baroda said, “With the launch of the bob Earth Circular Economy Scheme, we are reinforcing our commitment to sustainability while supporting the growth aspirations of MSEs. This initiative will enable enterprises to transition towards greener operations, boost their efficiency and competitiveness, and contribute to India’s broader climate and sustainability goals.”
This partnership reinforces Bank of Baroda’s commitment to promoting sustainable growth and supporting India’s MSE sector in adopting eco-friendly practices.
