PSBs to standardise digital process for MSME credit

Government is pushing state-owned banks to use the JanSamarth portal for loans up to one crore rupees. This digital process aims to speed up credit for micro and small businesses. Banks can automatically access borrower data for faster loan approvals. This initiative is set to improve credit access for MSMEs.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tHOrUql
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