|MSME Loans In 59 Minutes is recently launched By our Honorable Financial Minister Mr.Arun Jaitley. This  loan scheme has been launched under the MSME Loans In 59 Minutes. The main motive of launching this is to giving benefits to the Small business persons and small scale entrepreneurs. Under this scheme Your Loan application will be approved with in the 59 minutes. Micro, Small, Medium Enterprises is a central agency which provide the opportunity to the Entrepreneurs and small Scale Business to promote them self.

Features of MSME Loans In 59 Minutes

PSB Loans in 59 minutes is a platform at, which will approve loans up to INR 1 Crore only in 59 minutes from 21 Public Sector Banks. Like State Bank of India, Punjab National Bank, Bank of Baroda etc. MSME Loans In 59 Minutes has shortened the loan processing time from 20-25 days to only 59 minutes. On, MSME Loans Small business persons and small scale entrepreneurs are not required to submit any physical document in the form of hard copy for principal amount approval. You have to submit these documents which are listed IT returns, GST data, Bank Statements etc.

PSB Loans In 59 Minutes Scheme Important Dates

Scheme NameMSME Loans In 59 Minutes
Launch DateSeptember 2018
Start Apply online02 November 2018
Last Date to Apply online10 February 2019
BeneficiaryEntrepreneurs and small Scale Business

 Key Benefits Of psbloansin59minutes Scheme

  • Instant Approval of loan up to 1 Crore
  • Small interest only 2%
  • It is equipped with the highest level of Information Security
  • The user banks can create customized loan products as per their credit policy.
  • Fully compatible with existing banking processes.

 Documents for psbloansin59minutes scheme

  1. GST Registration Identification Number
  2. Income Tax codes & E-Return detail
  3. Bank Account Statement Last 6 months
  4. Documents of ownership details
  5. Digital KYC details

Eligibility for PSB Loans In 59 Minutes Scheme

  • You must have an bank account in public sector bank.
  • You should be a Tax payer of the country.
  • You Should be an Indian citizen.
  • You should have a business start up idea.

How to apply Psb Loans In 59 Minutes Scheme

  1. Go to the official website at
  2. Click on the Apply online  in the bottom of this page.
  3. You can directly apply for Psb Loans In 59 Minutes Scheme with these provided Direct links
  4. When you will click on the apply online tab a new window will open where you have to registered yourself by giving some basic detail
  5. After registration it will send you one time password. you have to verify your mobile number and then click on the proceed button.
  6. Read all the terms and conditions carefully and then accept them
  7. After successfully registration sign in with your detail
  8. Fill the all required detail carefully
  9. Upload the Required document
  10. In the last click on the submit button.

    for psbloansin59minutes scheme apply process

    How to apply psbloansin59minutes scheme

Important Links

Apply OnlineClick Here
Official WebsiteClick Here



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