Bank of Baroda pioneers UPI-based credit line for women SHGs
Bank of Baroda has launched India's first Overdraft Facility on Credit Line via UPI for verified women SHG members under PMJDY. This initiative, in partnership with NPCI, IBA, and DAY-NRLM, offers eligible members ₹5,000 overdraft credit accessible through UPI apps, promoting financial inclusion and empowering rural women.
Bank of Baroda has launched India's first Overdraft Facility on Credit Line via UPI for verified women SHG members under PMJDY. This initiative, in partnership with NPCI, IBA, and DAY-NRLM, offers eligible members ₹5,000 overdraft credit accessible through UPI apps, promoting financial inclusion and empowering rural women.
