Procedure to apply for MSME loan up to Rs 1 crore in 59 minutes
The government has recently announced a quick loan scheme for MSME Sector, in which they claim to approve the MSME loan in less than an hour. They have launched a dedicated portal to apply for the loan: https://www.psbloansin59minutes.com Salient features of MSME loan MSMEs loan would be applied to SIDBI & 5 PSU Banks Entire application process in online, i.e. the applicant would not be required to visit the bank until the sanction or disbursement stage. MSMEs can avail business loans from Rs [...]
