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The country's largest public sector bank SBI (State Bank of India) has launched a new campaign for the convenience of SMEs. State Bank of India has named it MSME Sahaj. Under this campaign, small enterprises will get loans from SBI in just 15 minutes.

Started for this reason
State Bank of India has said about this facility that it has been offered to keep in mind the financial needs of small, micro, and medium enterprises (MSME). It is a web-based solution, which aims to meet the financing needs of MSMEs with speed and ease. Under this campaign of SBI, small entrepreneurs will be able to easily meet their working capital needs.

Loans up to Rs 1 lakh in just 15 minutes
The enterprises registered under GST will be able to avail of this facility of SBI (sbi latest news). They will get loans up to Rs 1 lakh in just 15 minutes against GST-registered invoices under the MSME Sahaj facility. Its process will be completely digital. In this, financial assistance will also be available to those MSMEs who have never taken a loan from SBI before.

These customers will get the facility from the app.
To take advantage of the MSME Sahaj facility, it is enough to be a sole proprietor and have a satisfactory current account. On the other hand, those who are already customers of SBI MSME can take advantage of MSME Sahaj through the Yono SBI mobile app. The financial assistance provided under SBI's MSME Sahaj facility will be in the form of a short-term loan.

SBI expects these 3 benefits
SBI expects three benefits from MSME Sahaj. First benefit - MSMEs will get capital in less time. They will get a loan in just 15 minutes in the MSME Sahaj facility. With this, they will be able to easily meet their immediate needs. Second benefit - This facility will help in connecting those customers, whom SBI could not reach. The third benefit is - This facility will help SBI to advance digital banking.

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