SBI grants loans of Rs 74,434 cr to 2.25 lakh MSMEs via digital means

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State Bank of India has disbursed Rs 74,434 crore to 2.25 lakh MSMEs in under 15 months. The bank's SME Digital Business Loans platform offers credit up to Rs 5 crore. This digital journey provides end-to-end sanction in up to 45 minutes. Leveraging technology and APIs, the platform uses ITR, GST, and bank data for quick decisions.