BANK-WISE
Bank of Baroda (BoB)
Bank of Baroda Becomes First Indian Bank to Launch UPI-Linked Credit Line for Women SHGs
Bank of Baroda (BoB) has introduced a specialized Overdraft (OD) facility for Women Self-Help Group (SHG) members through a UPI-linked credit line.
The facility offers a maximum overdraft of ₹5,000 and is specifically applicable to Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders.
This initiative was developed in partnership with the National Payments Corporation of India (NPCI) and the Deendayal Antyodaya Yojana-NRLM.
The goal is to provide instant, cardless digital credit access to women in rural and semi-urban sectors, promoting financial inclusion.
Perspective: By linking credit lines directly to UPI, BoB is removing the need for physical cards, making micro-credit more accessible for the unbanked population.
The facility offers a maximum overdraft of ₹5,000 and is specifically applicable to Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders.
This initiative was developed in partnership with the National Payments Corporation of India (NPCI) and the Deendayal Antyodaya Yojana-NRLM.
The goal is to provide instant, cardless digital credit access to women in rural and semi-urban sectors, promoting financial inclusion.
Perspective: By linking credit lines directly to UPI, BoB is removing the need for physical cards, making micro-credit more accessible for the unbanked population.
Key Facts / Static GK
BoB Headquarters: Vadodara, Gujarat
NPCI MD & CEO: Dilip Asbe
PMJDY Launched: 28 August 2014
NPCI MD & CEO: Dilip Asbe
PMJDY Launched: 28 August 2014
Practice Quiz — 23 March 2026
Q1. Regarding the 'PRARAMBH 2026' initiative, what does the 'N' represent in the M.A.N.A.V. framework?
Answer: (B) National Sovereignty — In the PRARAMBH 2026 framework M.A.N.A.V., the acronym stands for: Moral & Ethical Systems, Accountable Governance, National Sovereignty, Accessible & Inclusive AI, and Valid & Legitimate Systems.
Q2. What is the specific duration covered by the newly approved 'Utkarsh 3.0' strategy framework of the RBI?
Answer: (C) 2026-2029 — Utkarsh 3.0 is the Medium-Term Strategy Framework approved by the RBI board to cover a three-year period from 2026 to 2029.
Q3. Which of the following statements is true regarding the new UPI-linked credit line launched by Bank of Baroda?
Answer: (C) It is the first bank in India to introduce such a facility for Women SHGs. — Bank of Baroda is the 1st bank in India to introduce a UPI-linked credit line (OD facility) specifically for Women SHG members holding PMJDY accounts, with a maximum limit of ₹5,000.
Q4. What was the total value of India's textile exports in FY25 according to the NIRYAT data?
Answer: (C) USD 36,610 million — India’s total textile exports for the fiscal year 2024-25 (FY25) stood at USD 36,610 million, with Tamil Nadu contributing the largest share.
Q5. What was the primary reason Kaveh Madani was awarded the Stockholm Water Prize 2026?
Answer: (B) Contributions to water governance and crisis management — Kaveh Madani was honored for his contributions to water governance and shifting the global focus from infrastructure-only to governance-based solutions for water crisis management.
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