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.