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Декабрь
2020

PM Modi’s 59-minute MSME loan: 93% applications disbursed till November 2020, marginally up from August

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Credit and Finance for MSMEs: The scheme was launched to offer in-principle approval to a term loan or working capital loan from Rs 1 lakh to Rs 1 crore. However, public sector banks including SBI, Andhra Bank, Corporation Bank, Oriental Bank of Commerce, and Union Bank of India had increased the credit limit to Rs 5 crore in July 2019.



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