BoB Launches ‘bob Digi Udyam’ for MSEs

Current Context: Bank of Baroda (BoB) launched bob Digi Udyam on 3 September 2025, offering digital, collateral-free working capital loans to Micro and Small Enterprises (MSEs).

• Loan amounts range from ₹10 lakh to ₹50 lakh, based on cash-flow and digital footprint, with instant provisional sanction.
• The scheme is powered by BoB’s TEJAS loan origination system and backed by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
• It aligns with the Union Budget 2024–25 focus on MSME digitization and credit access. Borrowers can apply via BoB’s mobile app or website, with minimal documentation.
• The initiative aims to reduce turnaround time and improve financial inclusion.
• Officially launched by BoB CMD Debadatta Chand in Mumbai.

Question:

Q.1 Bank of Baroda (BoB) launched bob Digi Udyam on 3 September 2025. What type of loans does the scheme offer?
a) Housing loans for low-income groups
b) Collateral-free digital working capital loans for MSEs
c) Education loans for overseas studies
d) Agriculture term loans

Answer: b) Bank of Baroda (BoB) launched bob Digi Udyam on 3 September 2025, offering digital, collateral-free working capital loans to Micro and Small Enterprises (MSEs).