Financial ExpressApr 25, 20229,800 MSME loans sanctioned in FY22 under SIDBI’s 59-minute loan scheme; this many disbursedCredit and Finance for MSMEs: SIDBI’s 59-minute loan approval scheme for micro, small and medium enterprises (MSMEs), PSB Loans in 59 Minutes, sanctioned only 9,868 loans involving Rs 5,197 crore during the financial year 2021-22, according to the government data analysed. As per MSME Dashboard data, 2,39,751 loans involving Rs. 81,141 crores were sanctioned as of April 1, 2022, up 4.29 per cent from 2,29,883 loans involving Rs 75,944 crore sanctioned as of March 31, 2021.Read more at Financial Express
Credit and Finance for MSMEs: SIDBI’s 59-minute loan approval scheme for micro, small and medium enterprises (MSMEs), PSB Loans in 59 Minutes, sanctioned only 9,868 loans involving Rs 5,197 crore during the financial year 2021-22, according to the government data analysed. As per MSME Dashboard data, 2,39,751 loans involving Rs. 81,141 crores were sanctioned as of April 1, 2022, up 4.29 per cent from 2,29,883 loans involving Rs 75,944 crore sanctioned as of March 31, 2021.Read more at Financial Express
