SynopsisState Bank of India has disbursed Rs 74,434 crore to 2.25 lakh MSMEs in under 15 months. The bank's SME Digital Business Loans platform offers credit up to Rs 5 crore. This digital journey provides end-to-end sanction in up to 45 minutes. Leveraging technology and APIs, the platform uses ITR, GST, and bank data for quick decisions. ...

New Delhi, Oct 10 (PTI) State Bank of India on Friday said it has provided loans worth ₹74,434 crore to 2.25 lakh MSMEs in less than one hour through SME Digital Business Loans platform in the last 15 months.SBI launched 'SME Digital Business Loans' in June 2024 which enables the MSME entrepreneur to apply online for credit requirements up to ₹5 crore.MSME advances have been identified as the focal point for the bank's growth and profitability over the next five years and this innovative product marks a lea ...