365telugu.com online news,Mumbai, September 3, 2025: Bank of Baroda, one of India’s leading public sector banks, has introduced bob Digi Udyam, a new digital lending platform designed to provide cash flow-based, collateral-free loans to Micro and Small Enterprises (MSEs). The scheme offers quick access to working capital loans ranging from ₹10 lakh to ₹50 lakh for both existing and new customers.
The initiative supports the Union Budget 2024–25 announcement on developing in-house credit assessment capabilities for MSMEs in public sector banks. By leveraging the digital footprint of MSEs, the platform enables faster, more efficient credit assessment without dependence on external agencies.
Key Features of bob Digi Udyam:
- Purpose: Working capital finance through cash credit & overdraft facilities
- Loan Size: ₹10 lakh to ₹50 lakh
- Tenure: 12 months
- Collateral: Nil (covered under CGTMSE)
- Process: Automated risk-based scorecard, provisional sanction within minutes, and seamless integration with the Bank’s TEJAS loan processing system
MSEs can apply either through a Do-it-Yourself (DIY) mode online or via an Assisted mode at branches. The platform ensures transparent eligibility checks, risk evaluation, and credit limit calculations, significantly reducing turnaround time.
ఇది కూడా చదవండి…చెల్లించబడని డివిడెండ్లు, షేర్ల క్లెయిమ్ కోసం ఇన్వెస్టర్లకు సహాయంగా ‘నివేశక్ శివిర్’…
Speaking on the launch, Shri Lal Singh, Executive Director, Bank of Baroda, said:
“MSEs are key drivers of India’s economy, yet timely access to credit continues to be a challenge. bob Digi Udyam brings a digital, cash flow-based model that enables quick, collateral-free working capital finance. This is a step towards making MSE credit truly accessible, with plans to extend the offering to larger loan sizes and wider needs.”
With this launch, Bank of Baroda aims to broaden access to institutional credit, strengthen the MSME ecosystem, and support the Government of India’s Viksit Bharat@2047 vision for sustainable growth.