Question

What is the name of SBI's newly launched digital loan solution for MSMEs in 2024?

• A. MSME Easy
• B. MSME Sahaj
• C. MSME Boost
• D. MSME Assist

Answer 1

Answer:

B. MSME Sahaj

SBI launched the digital loan solution for MSMEs in 2024 named MSME Sahaj, aimed at providing easy access to loans for MSMEs. State Bank of India (SBI) has unveiled a web-based digital business loans solution for MSMEs' Invoice Financing, aimed at facilitating MSME loans with a fast turn-around-time. The solution, named "MSME Sahaj - End to End Digital Invoice Financing", has been developed that will provide solutions ranging from applying the loan, documentation and disbursement of the sanctioned loan within 15 minutes, without any manual intervention.