New Delhi: State Bank of India (SBI) has launched a new online solution for MSME loans called ‘MSME Sahaj – End to End Digital Invoice Financing.’ This web-based platform enables MSMEs to apply for loans, complete documentation, and receive disbursements within 15 minutes, all without manual intervention. The solution automates the entire process, including loan closure on the due date.
Through ‘MSME Sahaj,’ customers can secure financing against their GST-registered sales invoices up to ₹1 lakh in under 15 minutes. The initiative aims to provide immediate short-term credit for working capital needs to Micro SME units under the GST regime. Available on the ‘Yono’ application, the product serves both existing customers and sole proprietorship non-credit customers with satisfactory current accounts at SBI.
SBI Chairman Dinesh Khara highlighted the bank’s commitment to setting new industry standards by introducing digital solutions in SME business loans. He described ‘MSME Sahaj’ as a visionary product designed to offer MSMEs faster and easier access to finance through a self-initiated, fully digital process, reducing human intervention and enhancing business ease.
Vinay Tonse, MD of Retail Banking and Operations at SBI, noted that ‘MSME Sahaj – Digital Business Loans for Invoice Financing’ presents a unique opportunity for GST-registered Micro SME units to quickly obtain short-term working capital through SBI’s Yono B platform.
