Bank of Baroda launches “bob Digi Udyam” - a Cash Flow-Based Digital Financing Scheme for MSEs
Provides collateral-free loans from above Rs 10 lakh to Rs 50 lakh to both existing and new MSE customers to meet Working Capital requirements Mumbai, 2 nd September 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of bob Digi Udyam – a digital, collateral-free lending platform offering Micro and Small Enterprises (MSEs) quick access to working capital loans above ₹10 lakh to ₹50 lakh. The initiative, aligned with the Union Budget 2024–25 announcement that public sector banks would develop in-house capabilities for MSME credit assessment, leverages the digital footprint of MSEs to enable faster credit assessment and reduce reliance on external assessment. This marks a major step in strengthening credit accessibility for India’s small businesses. The scheme is open to both existing and new customers of the Bank. The bob Digi Udyam platform leverages a wide range of digital data points to compre...