MSME to get loan in 59 minutes : Prime Minister Narendra Modi has launched a portal that will sanction a loan to an MSME in 59 minutes.
“When you file your GST returns, you will be asked if you want a loan.
GST registered firms will also get a 2 % rebate on interest rates.
Being a part of the GST and being an honest taxpayer will become your strength,” said Modi.
For exporters seeking loans on pre-shipment and post shipment, the rebate has been increased from 3% to 5%.