New Delhi, March 23 -- Bank of Baroda has introduced an overdraft (OD) facility on Credit Line via UPI for verified women Self-Help Group (SHG) members, becoming the first bank in the country to operationalise such a feature, it said in a recent press release.

The initiative enables eligible beneficiaries who hold Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts to access and avail a Rs.5,000 overdraft digitally. Furthermore, this is a move aimed at boosting financial inclusion and expanding credit availability for self-help groups.

This project was launched by Shivraj Singh Chouhan at the 25th Central Level Coordination Committee meeting on rural development in Hyderabad. It has been developed and evolved in collaboration with the Natio...