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Whopping 1.12 Lakh Loans Approved Under Modi’s 59-Minute Scheme
January 02, 2019
Modi Government’s “59-minutes” loan scheme that aims to give a boost to the MSME sector has benefitted 1.12 lakh borrowers. This is because of ₹37,412 crores worth of applications that have been approved already even though the scheme itself was launched just recently on November 2.
Under the scheme, MSMEs that have GST registration can apply for loans up to ₹1 crore in less than 59 minutes on the government portal www.psbloansin59minutes.com
Photo credit: Dr PS Sahana * Kadamtala Howrah on Visualhunt.com / CC BY
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