State Bank of India (SBI) has introduced “MSME Sahaj,” a revolutionary online business loan solution tailored for MSMEs. This web-based platform allows MSMEs to obtain credit against their GST registered sales invoices swiftly and seamlessly.
MSME Sahaj leverages data from GSTIN, bank statements, and credit information companies to streamline credit assessments. It aims to meet the working capital needs of MSMEs under the GST regime efficiently.
Available through SBI’s digital platform Yono, MSME Sahaj targets existing micro SME units, facilitating instant cash flow enhancements.
Dinesh Kumar Khara, Chairman of SBI, emphasized that MSME Sahaj aims to revolutionize MSME lending with a seamless, digitally-driven customer experience.
This initiative follows SBI’s recent efforts to integrate innovation into MSME financing, enhancing ease of business operations through reduced human intervention and accelerated loan processing.
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