GST-registered Micro, Small and Medium Enterprises (MSMEs) can now avail of loan of up to Rs uline{1cm} in just 59 minutes.

2018

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

GST-registered Micro, Small and Medium Enterprises (MSMEs) can now avail of loan of up to Rs _________ in just 59 minutes.

A	2 Crore
B	25 Lakh
C	50 Lakh
D	1 Crore

Explanation:

Detailed explanation-1: -According to its guidelines on the portal, the scheme allows MSMEs to receive in-principle approval for a business loan with a minimum of Rs 10 lakh and a maximum of Rs 5 crore at interest rates starting at 8.5% per annum.

Detailed explanation-2: -With PSB59, the pioneers in MSME financing, you can get digital approvals for business loans ranging from ₹10 Lac to ₹5 Crores and within 59 minutes, with a simple, single application.

Detailed explanation-3: -The Scheme covers collateral free credit facility (term loan and/ or working capital) extended by eligible lending institutions to new and existing micro and small enterprises up to Rs. 100 lakh per borrowing unit.

Detailed explanation-4: -from anywhere, anytime. looking for funds to boost your business? look no further. get digital loan approval for mudra business loans up to ₹ 10 lacs in less than an hour-that too without visiting a single bank!

There is 1 question to complete.