Date : Nov 12, 2018  
The Newsletter  

Get MSME Loans up to Rs. 1 Cr in 59 Minutes from Public Sector Banks

Dear Customers,

Many times it happens that you have funding requirements but unable to get it on time due to very time consuming loan procedures. Your precious time gets wasted while applying for a loan from one bank to another bank and due to this you are unable to focus on your business activities. Here is the solution announced by Govt of India to meet your funding needs on time.

PSB Loans in 59 minutes is an online marketplace, which will enable In-Principle approval for MSME loans up to INR 1 Crore in 59 minutes from select Public Sector Banks. Post receiving of In-Principle approval letter, the loan is expected to be disbursed in 7-8 working days.

Please visit
for more detailed information.

SIDBI being the nodal organization has updated information on the scheme at

List of Participating Banks as of 12th Nov 2018:
  • State Bank of India
  • Bank of Baroda
  • Punjab National Bank
  • Indian Bank
  • Vijaya Bank
  • Allahabad Bank
  • Andhra Bank
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Central Bank of India
  • Corporation Bank
  • IDBI Bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • Punjab & Sind Bank
  • Syndicate Bank
  • UCO Bank
  • Union Bank
  • United Bank of India

  • Regards,
    Team Indiacom

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