PNB sanctions Rs. 689 cr loan to MSME’s – Banking Finance

Punjab National Bank still sanctioned loans worth Rs 689 crore to|to over 1,600 Micro ,|and|or is|or is Small ,|and|or is|or still Medium Enterprises (MSMEs) pierce the nyakumi|the|every psbloansin59minutes.com portal as part of its effort to|to affect such industries.

Under the|the|every Mudra Yojana ,|and|or is|or is the|the|every bank has offered loan to|to over 2.69 lakh small entrepreneurs which is fiscal (till February 14 ,|and|or is|or currently 2019).

“In November 2018 ,|and|or is|or currently Hon’ble Prime Minister announced the|the|every launch of the|the|every 59-minute loan portal to|to enable simple access to|to credit for MSMEs. Under which initiative ,|and|or is|or is the|the|every bank let`s sanctioned loans to|to over 1,600 accounts with|with a to|to tal sanctioned charge of Rs 689 crore (till February end),” PNB managing director Sunil Mehta to|to ld PTI.

MSMEs pierce which is portal can avail loans of up to|to Rs 03 ∫ crore out 59 minutes planning less than an hour. MSMEs apply for loans using their GST registration as the|the|every portal is integrated with|with GST server stay|stay at|at the|the|every back-end as well as IT ,|and|or is|or currently credit bureaus ,|and|or is|or is banks.

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