MSME Loan

GECL MSME Loans – Bank is Ready to Lend, Customers Don’t Want to Take Risk, SBI chairman

by Askbanking June 4, 2020 Banking News, MSME LoanLeave a comment

GECL MSME Loans, No borrowers – SBI Chairman Mr Rajnish Kumar has said that Bank is Ready to Lend to borrowers but the customers don’t want to take risk as they are sure about the speedy recovery in demands. Banks especially Public Sector Banks has made the loan processing under Guaranteed Emergency Credit Line (GECL) simple […]

Canara Bank MSME Loan

Canara Bank to MSMEs, Get GECL Loans in 5 Days

by Askbanking June 2, 2020 Canara Bank, MSME LoanLeave a comment

Canara Bank to MSMEs, Get GECL Loans in 5 Days – Canara Bank has directed its branch offices to process and disburse additional working capital loans or term loans to help MSMEs and other borrowers overcome coronavirus impact under Guaranteed Emergency Credit Line (GECL) in 5 days. Bank has issued a circular in this regard […]

Loans & Advances MSME Loan

Government Directs ‘Common MSME Loan Product’ for all PSBs For 59 Minutes Loan

by Askbanking October 11, 2018 Loans & Advances, MSME Loan1 Comment

The finance ministry has directed all the Public Sector Banks (PSBs) to create a common MSME loan product with integrated features and common documentation for loan requested through new initiative www.psbloansin59minutes.com. Any Indian citizen may get approval for MSME loan upto Rs One Crore via this portal in 59 minutes. The facility is available for businesses […]