Mumbai, Jan 6 (PTI) State-owned Bank of Baroda on Wednesday said it has signed a pact with SIDBI to support the MSMEs with an online facility of submitting their loan restructuring proposals.

Last year in November, SIDBI had launched a web portal -- Asset Restructuring Module for MSMEs (ARM-MSME) -- to help MSMEs take benefit of the RBI's one-time debt restructuring scheme.

While using the portal, the existing MSME borrowers of the bank can avail the online facility of submitting the application for restructuring of loan accounts, the lender said in a release.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)