The Union FM Shri Arun Jaitley launched here today a web portal www.psbloansin59minutes.com , a transformative initiative in MSME credit space as MSME PSB Loan Scheme, which will enable in principle approval for PSB loans up to Rs. 1 crore within 59 minutes from SIDBI and 5 Public Sector Banks (PSBs) vide Press Release Dated: 25th September 2018. Thus the Micro Small and Medium Enterprises may get benefited from this initiative. However the ROI, Repayment Terms are not known.

Link of the Press Release for MSME Loans upto Rs. 1 Crore within 59 Minutes|Press Release Dated: 25 Sep 2018
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Expert Infomedia : Latest- BUSINESS LOANS for MSME upto Rs.1 Crore within 59 Minutes |Press Release Dtd: 25 Sep 2018

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