RBI Grade BNABARD ESISEBI
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Source: BL
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
Context:
State-owned Bank of Baroda (BoB) 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.
Purpose
- To provide working capital support through Cash Credit (CC) and Overdraft (OD) facilities.
Loan Features
- Loan Amount: ₹10 lakh – ₹50 lakh
- Tenure: 1 year
- Collateral: Not required (collateral-free).
- Coverage: Loans secured under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
Digital Process
- Fast Sanction: Provisional sanction letter issued within minutes of application.
- Final Approval: Processed through TEJAS Loan Origination & Processing System (BoB’s digital platform).
- Modes of Application:
- Do-It-Yourself (DIY) online application.
- Assisted mode at bank branches.
