State Bank of India raises SME instant loan threshold limit to beyond Rs 5 crore via digital platform MSME Sahaj.

The State Bank of India (SBI) is increasing the threshold limit for its instant loan scheme for Micro, Small, and Medium Enterprises (MSMEs) beyond the current Rs 5 crore. Through its digital platform, MSME Sahaj, the bank aims to streamline loan applications and disbursements within 15 minutes. SBI emphasizes cash flow-based lending, reducing collateral requirements, and plans to open 600 new branches this financial year to enhance credit access.

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