Feb 13, 2019 09:46 AM IST | Economy
Loans worth Rs 30,000 crore sanctioned to MSMEs via 59-minute portal, says report
Government sources told the paper that the centre is hopeful that the credit offtake will increase further as the banks are likely to transfer the 25 basis rate cut announced by the Reserve Bank of India in its February policy.
The ones availing the loans have to submit details such as income tax returns, GST data and bank statements to avail the credit facility through this portal.
Published Date: Feb 13th, 2019 09:46 AM | Updated Date: Feb 13, 2019 09:46 AM IST
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more