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59-minute MSME loan: 92% sanctioned loans with this much amount disbursed; applications up 59%.

59-minute MSME loan: 92% sanctioned loans with this much amount disbursed; applications up 59%.

by TEXTILE VALUE CHAIN | Sep 16, 2020 | Industry And Cluster, News & Insights

Credit and Finance for MSMEs: The 59-minute loan scheme was launched on November 2, 2018, to provide in-principle approval for a term loan or working capital loan from Rs 1 lakh to Rs 1 crore. However, in July last year, SBI Andhra Bank, Corporation Bank, Oriental...

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