Punjab National Bank (PNB) has become the first public sector bank to facilitate effortless credit availability for Micro, Small, and Medium Enterprises (MSMEs) via GST invoices. The bank has unveiled a dedicated mobile application for the GST Sahay scheme. This innovative digital solution facilitates comprehensive lending procedures based on GST invoices, ensuring a seamless end-to-end process.
The newly launched PNB GST Sahay App transforms the entire loan application process into a digital format, eliminating the need for manual intervention on the borrower’s part. The app streamlines the process, rendering it more cost-effective, expeditious, and efficient. Notably, the sanctioned loan amount will be directly deposited into the borrower’s current account maintained with the bank.
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