SIDBI’s 59-Minute Loan Scheme: Total Approvals Close To 2.5 Lakh To MSMEs, Including Over Rs 80k Crore So Far

[ad_1] Loans and Finance for MSMEs: Bank loans sanctioned to Micro, Small and Medium Enterprises (MSMEs) under SIDBI’s 59-minute loan approval scheme till June 1, 2022, from Rs 81,690 crore to 2,40,852 as per the monthly data of the MSME ministry on PSB-loans-in was. -59 minute program. Out of the total loans sanctioned, 2,23,507 loans worth Rs 66,256 crore have been disbursed so far. Further, during the first two months (April-May) of the financial year 2022-23, around 1,101 loans were sanctioned, while 818 were disbursed, as per the data. Loans…