Which financial institution launched the "MSME Sahaj" online loan solution for MSMEs?

A)
Axis Bank
B)
ICICI Bank
C)
HDFC Bank
D)
State Bank of India

Correct Answer : Option (D) - State Bank of India



The State Bank of India (SBI) introduced "MSME Sahaj," an innovative online loan solution designed specifically for MSMEs.

This platform allows MSMEs to obtain loans up to ?1 lakh against their GST-registered sales invoices within 15 minutes, leveraging automated processing and data-driven credit assessments through SBI's digital platform Yono. The initiative aims to enhance cash flow for micro SME units efficiently.

Published On : July 2, 2024
Category : Banking