PM Modi’s 59-min MSME loan approval: Banks disburse 2.15 lakh applications; amount tops Rs 60k crore

PM Modi’s 59-min MSME loan approval: Banks disburse 2.15 lakh applications; amount tops Rs 60k crore

Launched in November 2018 by Prime Minister Narendra Modi, the scheme offers business loans including term loans and working capital loans, and Mudra loans to MSMEs for purchase of plant and machinery, technology upgrade, product expansion, purchase of raw materials, infrastructure development, etc.
Check the source here –Source, Financial Express.

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