The new solution, named “MSME Sahaj - End to End Digital Invoice Financing,” is designed to streamline the entire loan process, from application and documentation to the disbursement of the sanctioned loan, all within 15 minutes and without any manual intervention.
According to a statement released by the bank on Monday, the closure of the loan on the due date is also automated and managed by the system. With “MSME Sahaj,” SBI customers can secure finance against their GST-registered sales invoices of up to Rs 1 lakh in under 15 minutes. The primary goal of this product is to offer “on tap” short-term credit to Micro SME units within the GST regime, addressing their working capital needs swiftly.
Denne historien er fra July 02, 2024-utgaven av The Business Guardian.
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Denne historien er fra July 02, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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