India’s Bank of Baroda teams up with SIDBI to back MSE sustainability

It is part of the bank’s efforts to foster a greener and more sustainable future.

India’s Bank of Baroda has signed a memorandum of understanding with the Small Industries Development Bank of India (SIDBI) to launch the bob Earth Circular Economy Scheme (MSE Spice).

The scheme aims to empower micro and small enterprises (MSEs) to adopt sustainable practices that promote resource efficiency, enhance competitiveness, and contribute towards global sustainability goals, according to a press release on 9 September 2025.

Shri Madhur Kumar, chief general manager, MSME banking for Bank of Baroda inked the MOU alongside Shri R.K. Singh, chief general manager, green climate finance vertical, SIDBI.

The scheme is part of Bank of Barodha’s continued efforts to foster a greener and more sustainable future, the statement said.