PM Modi’s 59-minute MSME loan approval: 2.23 lakh applications sanctioned by PSBs; 93% disbursed so far

PM Modi’s 59-minute MSME loan approval: 2.23 lakh applications sanctioned by PSBs; 93% disbursed so far

Credit and Finance for MSMEs: MSMEs are required to share GST identification number, IT returns, six-month bank statements, and owner’s details to apply for a loan under the 59-minute scheme. However, eligibility for raising credit through the portal depends on the revenue, repayment capacity, and existing credit facilities.
Check the source here –Source, Financial Express.

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