Question

    Under SIDBI’s “59-Minute Loan” scheme, what is the

    maximum loan amount disbursable within an hour? 
    A ₹1 lakh Correct Answer Incorrect Answer
    B ₹2 lakh Correct Answer Incorrect Answer
    C ₹5 lakh Correct Answer Incorrect Answer
    D ₹50 lakh Correct Answer Incorrect Answer
    E ₹5 crore Correct Answer Incorrect Answer

    Solution

    The scheme enables MSMEs to apply and avail loans up to ₹5 crore digitally in under 59 minutes, with minimal documentation—boosting credit access and growth. 

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