MSME Loan in 59 Minutes

59 मिनट में MSME ऋण

Ministry of MSME

💰 Benefit: In-principle loan sanction in 59 minutes for up to ₹5 crore (at 8% interest for GST-registered MSMEs)

iAbout This Scheme

Launched under the Support and Outreach Initiative for MSME sector in 2018, this scheme enables in-principle approval of GST-registered MSME loans up to ₹5 crore within 59 minutes through an online AI-powered platform. It processes GST, income tax, and bank statement data through an algorithm to provide quick credit decisions.

🎁Key Benefits

In-principle loan approval within 59 minutes
Loans from ₹1 lakh to ₹5 crore
2% interest subvention for GST-registered MSMEs
Processed through psbloansin59minutes.com portal
Available through public sector banks, private banks, NBFCs
No physical branch visit required for initial approval

✅Eligibility Criteria

1
GST-registered MSMEs
2
Operational for at least 6 months with GST returns filed
3
Minimum business vintage required by participating lenders

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📝How to Apply

Apply Online

Apply at psbloansin59minutes.com using GST/Aadhaar login.

Algorithm Processing

Platform processes GST, ITR, bank statement data.

In-Principle Approval

In-principle approval in 59 minutes; choose lender.

Final Disbursement

Chosen bank processes and disburses loan.

❓Frequently Asked Questions

How does the 59-minute MSME loan work?

Apply at psbloansin59minutes.com with GST returns, IT returns, and bank statements. In-principle approval comes in 59 minutes. After bank verification, loan is disbursed within 7–8 working days.

Is there an interest subsidy on 59-minute loans?

GST-registered MSMEs get 2% interest subvention on fresh and incremental term loans under this scheme. Effective rate can be 6–7% p.a. for eligible borrowers.

Required Documents

GST registration
Income tax returns
Bank statements (6 months)
UDYAM registration

Editorial note: This page is researched, written, and regularly reviewed by the Aditya Raj Hirve using official government sources and notifications. Information is verified against the originating ministry or department portal before publication. Last reviewed: July 2026.

Always verify critical details directly from the official government portal before applying.

Required Documents

GST registration

MSME Loan in 59 Minutes

iAbout This Scheme

🎁Key Benefits

✅Eligibility Criteria

📝How to Apply

❓Frequently Asked Questions

Required Documents

Required Documents

Quick Info

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