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Finance Ministry launches web portal to give loans approvals to MSME.

  • Category
    Polity & Governance
  • Published
    10th Oct, 2018
  • Finance Ministry launches web portal (psbloansin59.com) that will enable in principle approval for MSME loans up to Rupees 1 crore within 59 minutes.
  • It will be first of its kind web portal in MSME credit sector which brings in advanced financial technology to ensure seamless loan approval and management.

Context

  • Finance Ministry launches web portal (psbloansin59.com) that will enable in principle approval for MSME loans up to Rupees 1 crore within 59 minutes.
  • It will be first of its kind web portal in MSME credit sector which brings in advanced financial technology to ensure seamless loan approval and management.
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