menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

>

SBI plans ...
source image

Yourstory

1M

read

224

img
dot

Image Credit: Yourstory

SBI plans to enhance threshold limit under instant loan scheme for MSME sector

  • State Bank of India (SBI) plans to enhance the threshold limit under the instant loan scheme for the MSME sector.
  • The existing threshold of Rs 5 crore will be increased to further facilitate credit availability to MSMEs.
  • The loan scheme, called 'MSME Sahaj - End to End Digital Invoice Financing', streamlines the loan application, documentation, and disbursement process.
  • The aim is to simplify MSME credit and reduce the need for collateral, making it easier for informal MSME borrowers to access formal banking channels.

Read Full Article

like

13 Likes

For uninterrupted reading, download the app