TMI BlogLoans sanctioned in 1,33,448 cases under 59-minutes Scheme to MSMEX X X X Extracts X X X X X X X X Extracts X X X X ..... Loans sanctioned in 1,33,448 cases under 59-minutes Scheme to MSME - News and Press Release Dated:- 24-7-2019 - News - Out of 2,00,660 applications submitted, 1,59,583 applications for loans on the psbloansin59minutes.com portal have been accorded in principle approval since the launch of the portal. Sanctions have been made in respect of 1,33,448 cases. Bank wise details of loans accorded in principle approval and sanctioned by banks since launch of the portal as on 17 th July, 2019 is given in the Annexure. Government and RBI have taken several steps to ensure access of credit to MSMEs, which inter-alia, include, advice to all Scheduled Commercial Banks (SCBs) to achieve a 20% year-on-year growth in credi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t to Micro and Small Enterprises (MSEs), allocation of 60% of the MSEs advances to the micro enterprise accounts, a 10% annual growth in number of micro enterprise accounts, additional working capital limit to meet the requirements arising due to unforeseen/seasonal increase in demand, adoption of one cluster, operationalising at least one specialised MSME Branch in every district, simplified computation of working capital of MSE units to make it minimum 20% of the projected annual turnover of the unit for borrowal limits upto ₹ 5 crore, setting up of Trade Receivables Discounting System (TReDS) to solve the problem of delayed payment of MSMEs, etc. In addition, Government launched a Support an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Outreach Programme for MSMEs on 2nd November, 2018. The programme, inter-alia, included initiatives for MSMEs on access to credit such as through the psbloansin59minutes portal, access to market, technology upgradation, ease of doing business, social security for MSME sector employees etc. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance Corporate Affairs in a written reply to a question in Rajya Sabha. Annexure Details of loans sanctioned by Banks under psb loans portal till 17.07.2019 Sr. No. Bank Online (Ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rket Place + Bank Specfic URL), Offline Renewal bulk upload In-Principle Sanctioned No. No. 1 Allahabad Bank 5160 4786 2 Andhra Bank 1671 1118 3 Bank of Maharashtra 2008 927 4 Bank of Baroda ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 21200 18049 5 Bank of India 15275 12674 6 Canara Bank 8630 7796 7 Central Bank 8399 7585 8 Corporation Bank 2702 2237 9 IDBI 2789 2322 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10 IDFC First Bank 10 0 11 Indian Bank 3256 2065 12 Indian Overseas Bank 2738 1780 13 Kotak Bank 19 0 14 Oriental Bank of Commerce 6793 5201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15 Punjab National Bank 10626 7810 16 Punjab Sind Bank 2950 2458 17 State Bank of India 36353 32642 18 SIDBI 375 102 19 Syndicate bank 1109 646 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... UCO Bank 2936 2084 21 Union Bank Of India 18237 16219 22 United Bank of India 2740 2394 23 Vijaya Bank 3607 2553 Total 1,59,583.00 1,33,448.00 *Note: The above data includes data of Private Sector Banks. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Source : Online PSB Loans Ltd. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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