ENA MSME 2021-01-07 06:54:07 <p><strong>Mumbai, Jan 7 (KNN)</strong> Bank of Baroda (BoB) has signed a memorandum of understanding (MOU) with Small Industries Development Bank of India (SIDBI) to support MSME enterprises through a web-based platform called Asset Restructuring Module for MSMEs (ARM-MSME) for submission of their loan restructuring proposal.</p> <p>Reportedly, with the new agreement in place, the MSME customers of the public sector bank can now access the web-based portal, Asset Restructuring Module for MSMEs (ARM-MSME)'.</p> <p>Through this automated / Do-It-Yourself (DIY) web-portal, MSMEs can self-create their restructuring proposal with financial viability projections and relief options.</p> <p>Bank of Baroda said that existing MSME borrowers can now avail the online facility of submitting their application for the restructuring of loan accounts from the comfort of their home/office for free of cost.</p> <p>Recently the RBI extended the One-Time Restructuring (OTR) window till March 2021 to provide relief to MSMEs under financial stress, with credit exposure of up to Rs 25 crore.</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 26246 https://knnindia.co.in/news/newsdetails/msme/bob-inks-mou-with-sidbi-to-help-msmes-apply-online-for-one-time-restructuring 2021-01-07 06:54:07 knnindia.co.in