Loans up to Rs 1 crore for MSMEs in 59 minutes: 10-step guide to the new portal

A quick loan disbursal portal for the MSME sector was launched by PM Modi on Friday. The portal has been set up by the Small Industries Development Bank of India (Sidbi). Loan seekers need to register on the portal, provide required GST, bank and verification details following which an approval letter will be generated. Approval of loan doesn't mean actual disbursal.

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