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 |
Which of the following channels is between India and Maldives?
On which date World Psoriasis Day is observed annually?
Sabarimala Greenfield Airport project has recently been granted approval by the Union Ministry of Civil Aviation.This project has been approved in whi...
What is the primary objective of "Exercise Harimau Shakti 2023" between the Indian and Malaysian Armies?
A virtual commercial card,launched in partnership with Visa, and Juspay, will redefine cross-border transactions for corporates and travel agents.Which ...
Recently Who has become the first ever woman director general of the Council of Scientific and Industrial Research ( CSIR) ?
What is India's projected position in the global e-commerce market by 2030?
Which of the following module RBI is planning to move to Daksh platform?
What is the primary goal of the Election Commission of India's "Mission 414" initiative in Himachal Pradesh?
Which is India's 1 st state to Use Blockchain To Distribute Seed To Farmers?
...
