Start learning 50% faster. Sign in now
SIDBIrsquo;s 59-minute loan approval scheme for micro, small and medium enterprises (MSMEs), PSB Loans in 59 Minutes has disbursed 2,24,323 loans involving Rs 66,635 crores out of 2,41,781 loans amounting to Rs 82,323 crores sanctioned as of September 1, 2022. In comparison, loans sanctioned as of August 31, 2021, under the 59-minute loan scheme to MSMEs stood at 2,33,845 involving Rs 77,811 crore while loans disbursed were 2,17,828 amounting to Rs 63,553 crore. Launched in November 2018, the scheme provides in-principle bank approval for collateral-free term loans or working capital loans to MSMEs from Rs 1 lakh to Rs 5 crore in 59 minutes. Learn Along:
SIDBI | Headquarters: Lucknow | CMDndash; Sivasubramanian Ramann |
What was the total compound interest on a sum after three years?
Statement I - The interest after one year was Rs. 200 and th...
Amar, Akbar and Anthony invested Rs 120000 in a business in ratio 5:3:2 respectively. What is the profit % earned by them after a year?
Statemen...
What is the principal?
I. The simple interest obtained on the principal after 2 years at 16% rate of interest is Rs 140.8 less than the compound ...
How much time will train A take to cross a platform of length 400 m?
Statement I: The train A crosses another train B in 40 seconds.
S...
The cost price of an article is Rs. 600. How much profit did a trader get by selling the article, if it was sold at 15% discount?
Statement I: ...
What is the circumference of semi-circle (in cm)?
I. Area of the semi-circle is half of the area of a parallelogram.
II. The length of the...
What is the yearly salary of Mr. Rohan?
I. Sohan earns Rs. 44000 more than Mohan in a year who earns Rs. 16000 more than Rohan per annum.
...
How many people are travelling in the Metro?
Statement I: There are 35% men and 40% children passengers.
Statement II: There are 175...
In a box, there are red, blue and green marbles. Which type of marbles are maximum in number?
Statement I: There are 3/4 as many green marbles a...
How much profit did the company earn in the year 2016?
I) The company earned 45% more profit in the year 2017 than that in the year 2015.
...