SBI Launches MSME Sahaj: A Swift and Seamless Business Loan Solution for MSMEs
| Aspect | Details |
|---|---|
| Initiative | MSME Sahaj, an online business loan solution by State Bank of India (SBI). |
| Target Audience | MSMEs registered under the GST regime. |
| Key Feature | Loans up to ₹1 lakh processed in under 15 minutes without manual intervention. |
| Automation | Entire loan lifecycle managed automatically using machine learning systems. |
| Data Utilization | GSTIN, bank statements, and credit information for streamlined assessments. |
| Accessibility | Available through SBI's digital platform, Yono. |
| Objective | To meet working capital needs and enhance cash flow for micro SME units. |
| Leadership Statement | Dinesh Kumar Khara, SBI Chairman, highlights seamless, digitally-driven lending experience. |
| Future Outlook | Part of SBI's broader effort to innovate MSME financing and ease business operations. |