An online lending portal www.psbloansin59minutes.com with majority ownership of 6 Public Sector Banks (PSBs)/ Financial Institutions (FIs) along with their associated companies, has been launched which facilitates in principle approval for loans to Micro Small and Medium Enterprises (MSMEs) upto ₹ 1 crore within 59 minutes from PSBs. Key features of the portal, inter-alia include enabling borrowers to connect with multiple banks without visiting the branch, financial technology (FinTech) based architecture with high level of information security, analysis of data from various data points, loan products in line with scoring models and assessment methods within approved credit policies, prima facie eligibility check for credit guarantee from CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises), etc.

Government and Reserve Bank of India (RBI) have taken several steps to ensure access of credit to MSMEs. These inter-alia, include, advice to all Scheduled Commercial Banks (SCBs) to achieve a 20% year-on-year growth in credit to Micro and Small Enterprises (MSEs), allocation of 60% of the MSEs advances to the micro enterprise accounts, a 10% annual growth in number of micro enterprise accounts, additional working capital limit to meet the requirements arising due to unforeseen/seasonal increase in demand, adoption of one cluster, operationalising at least one specialised MSME Branch in every district, simplified computation of working capital of MSE units to make it minimum 20% of the projected annual turnover of the unit for borrowal limits upto ₹ 5 crore, setting up of Trade Receivables Discounting System (TReDS) to solve the problem of delayed payment of MSMEs, etc.

Loans to MSMEs are extended by individual banks on commercial basis as per their Board approved loan policy and extant RBI guidelines in this regard.

State/UT-wise details of loan extended to MSMEs by Scheduled Commercial Banks (SCBs) during the last four years is at Annexure.

State/UT-wise details of credit disbursement to MSMEs by SCBs for last four years.

(Amount disbursed in Rs. in crore)

Sr. No.	State	2014-15	2015-16	2016-17	2017-18
1	Andaman & Nicobar Islands	148.49	491.53	313.91	380.75
2	Andhra Pradesh	52659.90	31618.29	26746.64	32541.55
3	Arunachal Pradesh	1435.83	289.15	206.31	290.88
4	Assam	12116.65	7470.80	7339.13	10571.60
5	Bihar	7587.23	11491.05	11330.07	15000.12
6	Chandigarh	4759.42	4913.01	4123.90	4920.99
7	Chhattisgarh	10519.37	10685.87	11553.58	12385.87
8	Dadar & Nagar Haveli	158.84	192.60	292.14	386.21
9	Daman & Diu	181.65	125.58	166.05	206.08
10	Delhi	85598.18	78148.12	67695.51	79935.47
11	Goa	1910.73	2577.69	2503.47	3116.52
12	Gujarat	51456.04	55333.58	55244.83	60645.63
13	Haryana	20379.07	26975.96	25348.68	29622.03
14	Himachal Pradesh	3983.16	4767.94	3813.59	5206.56
15	Jammu & Kashmir	6609.38	8714.81	5673.54	7010.46
16	Jharkhand	6036.79	10704.09	8192.32	11339.87
17	Karnataka	56031.06	51447.68	47820.66	47001.61
18	Kerala	26405.88	28420.75	29034.07	32890.48
19	Lakshadweep	65.76	15.49	15.02	119.14
20	Madhya Pradesh	20309.60	25948.31	24767.89	31500.76
21	Maharashtra	151115.94	208550.24	168356.38	170685.99
22	Manipur	8701.26	289.46	222.13	387.23
23	Meghalaya	1100.63	623.24	454.95	527.99
24	Mizoram	2071.57	338.13	206.91	596.74
25	Nagaland	3309.44	345.68	279.39	1106.61
26	Odisha	10554.91	12940.71	12962.48	15383.83
27	Puducherry	1210.28	1438.52	2905.21	2123.50
28	Punjab	34677.59	27885.02	23609.55	32398.47
29	Rajasthan	25097.37	33036.33	34274.80	43190.06
30	Sikkim	127.62	781.69	321.66	275.76
31	Tamil Nadu	79255.70	94990.12	85829.51	88884.52
32	Telegana	0.00	30636.69	32145.47	40651.18
33	Tripura	589.80	1371.31	1320.01	1629.23
34	Uttarakhand	9515.43	11338.27	6252.88	19544.70
35	Uttar Pradesh	39677.55	44298.63	43342.88	45340.62
36	West Bengal	40269.54	47350.94	44561.71	58489.28
	Total	775627.66	876547.26	789227.21	906288.29

Source : RBI

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.

Access to credit for MSMEs accelerated via a FinTech portal enabling multi bank loan approvals and CGTMSE eligibility checks. An online lending portal majority owned by public sector banks and financial institutions was launched to accelerate in principle loan approvals to MSMEs by enabling borrowers to access multiple banks via a FinTech platform, using data driven credit assessment consistent with banks' approved credit policies and including a prima facie check for CGTMSE credit guarantee; this complements government and RBI measures to expand MSME credit through directed lending targets, allocation to micro accounts, simplified working capital norms, specialised branches, and market mechanisms such as TReDS, while banks continue to lend on commercial terms under their board approved policies and RBI guidelines.