” Loan requests for up to Rs. 1 crore will be cleared in about the same time it takes for your morning commute, Diwali gifts for MSMEs. As we speak, somewhere in the country your entrepreneurial brother or sister is getting a loan… sanctioned in just 59 minutes.Think, only 59 minutes. Just 59 minutes. No inspector can now go anywhere. He will be asked why he went to a factory. These 12 decisions are not just Diwali gifts for MSMEs but will also herald a new age and new chapter for small enterprises.”
Prime Minister Narendra Modi launched a 59-minute loan programme and other moves to help small businesses as part of the centre’s “support and outreach initiative” for micro, small and medium enterprises (MSMEs) in New Delhi
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