Exclusive: SIDBI’s 59-min loan scheme to onboard NBFCs, white label platforms; eyes cash flow-based lending

Exclusive: SIDBI’s 59-min loan scheme to onboard NBFCs, white label platforms; eyes cash flow-based lending

Credit and Finance for MSMEs: According to the latest official data, loans sanctioned in August under the 59-minute loan scheme to MSMEs grew marginally to 2,33,845 from 2,32,677 as of August 2, 2021. Likewise, loans disbursed also moved up slightly from 2,16,841 to 2,17,828 by the end of August.
Check the source here –Source, Financial Express.
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