Bank of Baroda Launches UPI-Linked Credit Line for Women SHGs

Context:

In March 2026, Bank of Baroda introduced a UPI-linked overdraft (OD) facility for verified women Self-Help Group (SHG) members holding accounts under Pradhan Mantri Jan Dhan Yojana. This makes BoB the first bank in India to roll out such a digital micro-credit solution integrated with UPI.

Key Features of the Initiative

1. UPI-Linked Overdraft Facility

• Women SHG members can access instant credit via UPI
• Seamless integration of digital payments and micro-credit

2. Maximum Credit Limit

• Eligible beneficiaries can avail up to ₹5,000 overdraft
• Provides quick liquidity for emergency and small business needs

3. Target Beneficiaries

• Verified women SHG members
• Must hold PMJDY bank accounts
• Focus on rural and financially excluded sections

Key Institutional Partners

The initiative has been implemented in collaboration with:

• National Payments Corporation of India
• Indian Banks Association
• Deendayal Antyodaya Yojana – National Rural Livelihoods Mission