Bank of Baroda disburses Rs 2,300 cr to MSMEs under emergency credit line facility

The state-owned bank launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced Under the scheme, the bank provides an additional line of credit of 10% of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore.

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