SIDBI to interact with MSMEs in Kolkata over 59 minutes loan sanction portal
Updated: Dec 12, 2018 07:32:49am
SIDBI to interact with MSMEs in Kolkata over 59 minutes loan sanction portal
Kolkata, Dec 12 (KNN) A Senior Official from the Small Industries Development Bank of India (SIDBI) will hold an interactive session with the micro, small and medium enterprises (MSMEs) in West Bengal over the modalities of availing loan through 59 minutes loan sanction portal.
The interactive session is being organized by Federation of Small & Medium Enterprises (FOSMI) for its members on December 18.
SIDBI’s General Manager AP Srivastava will interact with the MSMEs.
Prime Minister Narendra Modi had on November 2, 2018 M Modi unleashed a major initiative under The MSME Outreach Programme, which aims to help and encourage small entrepreneurs in India. Under the outreach programme, PM announced 59 minutes loan sanction portal for the MSMEs to facilitate them easy and quick credit.
While launching this scheme, PM Modi had said, “In the time taken for you to reach your office, you can now get a loan. We had run a pilot and I had set a target of 72,000 MSMEs under this. As of today 72,680 have been on boarded.” (KNN Bureau)