Current Affairs · Banking Schemes
In September 2025, Bank of Baroda (BoB) launched a new collateral-free scheme for MSEs called 'bob Digi Udyam.' Which of the following statements about this scheme are correct? 1. It provides collateral-free working capital loans using Cash Credit (CC) and Overdraft (OD) facilities from Rs. 10–50 lakh. 2. These loans carry a tenure of three years and are approved offline at the branch level. 3. The TEJAS Loan Origination & Processing System is used for full digital processing of loan applications.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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Both 1 and 3
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