How to Apply Online MSME 1crore Loan www.psbloansin59minutes.com

Finance Minister Arun Jaitley on Tuesday launched a unique initiative to disburse Rs 1 crore loan in 59 minutes on an automatic basis. This facility is
Micro, Small and Medium Enterprises (MSMEs). For this a digital lending platform using which entrepreneurs can apply for loan. For this first the applicant needs to register on WWW.PSBLOANSIN59MINUTES.COM . For registration one will have to share GSTN, GST User ID, Income Tax e-filing login ID password and bank statement. After logging in you will have to fill your GST detail and upload your IT details and bank statement. After which your application will be checked for frauds and credit rating. Within 59 minutes the entire process will be over and loan will be approved.

|Know more: Documents required for Apply Online

After the approval, the bank men will visit your premises for physical verification. If satisfied, banks will release Rs 1 crore within 8 days. This is a joint initiative of SIDBI, SBI, PNB, Indian Banka, Vijaya Bank, Bank of Baroda. “In the digital platform, a customer has to apply online for loans.
He fills details of Income Tax Returns, GST and the bank’s statement and within minutes the loan is approved without going anywhere,” said Department of Financial Services Secretary Rajiv Kumar.

Jaitley said the MSMEs had been a matter of concern for the government being the sector that generates the largest number of employment opportunities.

Best GST Filing Centre in Tamilnadu

Get Expert Assisted Services at an affordable price

Trusted by 55,000+ Happy Businesses