Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 115)
115.
Which financial institution launched the "MSME Sahaj" online loan solution for MSMEs?
HDFC Bank
ICICI Bank
Axis Bank
State Bank of India
Answer: Option
Explanation:
The State Bank of India (SBI) introduced "MSME Sahaj," an innovative online loan solution designed specifically for MSMEs. This platform allows MSMEs to obtain loans up to ₹1 lakh against their GST-registered sales invoices within 15 minutes, leveraging automated processing and data-driven credit assessments through SBI's digital platform Yono. The initiative aims to enhance cash flow for micro SME units efficiently.
Discussion:
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