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, 2nd 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 comprehensively assess credit
applications. It generates an automated, risk-based scorecard that enables
seamless credit assessment, significantly reducing the turnaround time for loan
processing. A provisional sanction is provided within minutes, after which the
application is automatically routed to branches through TEJAS, the Bank’s Loan
Origination & Processing System for the MSME segment, for final sanction
and post-sanction formalities.
Eligible entities can apply for loans under bob
Digi Udyam through both Do-it-Yourself (DIY) and Assisted mode
at branches. The platform conducts digital eligibility checks, risk assessment,
and credit limit calculations, ensuring a seamless and transparent lending
process.
Speaking on the launch, Shri Lal Singh,
Executive Director, Bank of Baroda, said, “MSEs are key drivers of India’s
economy, yet timely credit remains a challenge. With bob Digi Udyam, we
bring a digital, cash flow-based lending model that delivers quick,
collateral-free working capital finance. bob Digi Udyam is a step
towards making MSE credit truly accessible, with plans to expand the
offering to cover a wider range of credit needs and higher ticket sizes.”
bob Digi Udyam – At a Glance
- Purpose: Digital, cash flow-based
working capital finance for MSEs
- Facilities: Cash Credit & Overdraft
facilities
- Loan
Size: Above
₹10 lakh to ₹50 lakh
- Tenure: 12 months
- Collateral: Nil – covered under CGTMSE
bob Digi Udyam aligns
with the Government of India and Reserve Bank of India’s vision for digital
transformation in MSE lending, broadening access to bank credit and empowering
India’s MSE businesses to grow sustainably. Bank of Baroda is aligned with the
Government’s vision of Viksit Bharat@2047.
Applicants can apply for bob Digi Udyam, by clicking on https://mllps.bankofbaroda.co.in/BOBSTPCustomerPortal/
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About Bank of Baroda
Founded on 20th July,
1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the
leading commercial banks in India. At 63.97% stake, it is majorly owned by the
Government of India. The Bank serves its global customer base of over ~180
million through around 65,000 touch points spread across 17 countries in five
continents and through its various digital banking platforms, which provide all
banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base
and seeks to instil a sense of trust and security in all their
dealings with the Bank.
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