Which bank has launched its GST Sahay App for MSME

Solution

Punjab National Bank (PNB) has launched its PNB GST Sahay App for MSME borrowers to access loans digitally using GST invoices. PNB becomes the first public sector bank to integrate GST Sahay App to offer digital credit to micro, small and medium-sized businesses based on GST profile. The app enables an end-to-end digital lending process to help eliminate any manual intervention for MSMEs and make the process cost-effective and smooth. This will directly credit the loan amount into the borrower’s current account maintained with the bank.