Current Affairs · Banking and Finance
In September 2025, Bank of Baroda launched a new digital lending scheme for Micro and Small Enterprises (MSEs). Which of the following statements about this scheme 'bob Digi Udyam' is/are incorrect? 1. The scheme offers collateral-free digital lending options including Cash Credit and Overdraft facilities up to Rs 50 lakhs. 2. Loan approvals are processed through Bank of Baroda's digital platform TEJAS for a one-year tenure. 3. The scheme specifies government-guaranteed loans with interest rates capped at 5% for all MSE borrowers.
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