#MSMEIndia #DigitalLending #CreditForMSMEs #Fintech #EaseOfDoingBusiness #DigitalIndia #BankingReforms #PSBs #MSMELoans #CreditAssessment #FinMin

#MSMEIndia #DigitalLending #CreditForMSMEs #Fintech #EaseOfDoingBusiness #DigitalIndia #BankingReforms #PSBs #MSMELoans #CreditAssessment #FinMin Fast-track digital approvals reduce MSME loan processing time to under a day New Delhi: In a transformative move for the Indian micro, small and medium enterprises (MSME) sector, the Ministry of Finance has operationalized a New Digital Credit Assessment Model that promises faster, transparent, and entirely paperless loan approvals for MSMEs. This initiative, announced in the Union Budget 2024–25, aims to empower Public Sector Banks (PSBs) to develop in-house digital assessment capabilities by leveraging real-time digital data. According to a written reply by Minister of State for Finance Shri…