MSME to get loan in 59 minutes

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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%.

12 key initiatives taken by government for supporting MSME Sector 

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One comment

  1. 1

    Is it available for individuals carrying business in proprietor capacity when he is filling gst returns regulary and doing business ??

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