Bank of Baroda has entered into a co-lending pact with non-banking financial company Paisalo Digital to provide small-ticket business loans to women entrepreneurs and MSMEs. The partnership will provide access to small-ticket finance for income generation to Micro, Small and Medium Enterprises (MSMEs) and women entrepreneurs.
The co-lending arrangement will leverage the bank's low cost of funds and credit assessment expertise, combined with Paisalo's rule engine-based loan origination and underwriting capabilities. This will be done with the help of an end-to-end digital platform for sourcing, servicing and recovery of small-ticket income generation priority sector loans.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
