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of <h1>PSBLoansIn59Minutes Portal Facilitates Over 219,000 Loan Proposals Totaling Rs. 41,269 Crore Since 2018 Launch.</h1> Since its launch on September 25, 2018, the psbloansin59minutes.com portal has facilitated the disbursement of 201,863 business loan proposals totaling Rs. 39,580 crore and 17,791 retail loan proposals amounting to Rs. 1,689 crore as of February 28, 2022. The portal provides a platform for quick in-principle approval by lenders, but the final credit decisions and monitoring of loans, including recovery from non-performing assets, are managed by the lenders themselves. The portal connects lenders with customers across various segments, and onboarding is subject to the lenders' internal approvals.
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