New Delhi: Bank of Baroda has signed a memorandum of understanding with the Small Industries Development Bank of India (SIDBI) to roll out the bob Earth Circular Economy Scheme (MSE Spice) under its green and sustainable product category.
The scheme is designed to help micro and small enterprises (MSEs) adopt eco-friendly practices, improve resource efficiency, and enhance competitiveness while contributing to 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 ceremony was attended by senior officials from both organisations, including Rachna Mishra, General Manager, Government Relationship Department, Bank of Baroda, and S. R. Meena, General Manager, SIDBI.
Speaking on the occasion, Madhur Kumar 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.”
Through this collaboration, Bank of Baroda aims to further expand sustainable finance initiatives while supporting India’s MSE sector in moving towards cleaner and greener business models.
BI Bureau
