MSME Loan

Public Sector Banks To Give 100 Crore Loan to MSME, Collateral Free Without Guarantee

by Askbanking November 10, 2024 Banking News1 Comment

Finance Minister Nirmala Sitharaman announced a new credit guarantee scheme for MSMEs, offering collateral-free loans up to Rs 100 crore without any Guarantee like CGTMSE. This scheme may help the MSME borrowers to come out of the difficulties faced by MSMEs in obtaining term loans for machinery and expansion. Madam Sitharaman highlighted that banks will […]

Banking News

Public Sector Banks Are Given Additional MSME Targets for FY 2024-25

by Askbanking November 10, 2024 Banking News1 Comment

Public Sector Banks MSME Target has been revised – In a Bid to boost MSME Sector, the FM Finance minister Nirmala Sitharaman on Saturday increased the lending target for public sector banks in lending to micro, small and medium enterprises (MSME) the current financial year by nearly 35%. I want to set a new target… […]

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 […]