State Bank of India launches "MSME-Sahaj", a web-based digital solution for MSMEs' invoice financing up to ₹1 lakh without manual intervention.
State Bank of India (SBI) has launched a web-based digital business loans solution called "MSME-Sahaj" for MSMEs' invoice financing. The solution enables customers to obtain finance against their Goods and Service Tax (GST) registered sales invoices of up to ₹1 lakh in less than 15 minutes, without manual intervention. MSME-Sahaj is a data-driven invoice financing credit assessment engine that provides an end-to-end solution, including loan application, documentation, and disbursement. The loan closure on the due date is also automated and executed by the system itself.
July 01, 2024
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