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<h1>New Measures Enhance MSME Credit Access: Faster Loan Decisions, No Collateral for Loans Up to 10 Lakh, Streamlined Processes</h1> The government has implemented several measures to enhance credit access for Micro, Small, and Medium Enterprises (MSMEs). For loans up to 25 lakh, banks must decide within 14 working days. Measures include setting lending targets, waiving collateral for loans up to 10 lakh, and linking interest rates to external benchmarks. Initiatives like the Trade Receivables Discounting System and the GST Sahay App aim to streamline processes. The RBI's frameworks, such as the Account Aggregator and Unified Lending Interface, are expected to foster innovation in MSME lending. Various platforms and schemes, including Pradhan Mantri Mudra Yojna and PSBLoansin59minutes, support efficient loan processing and credit guarantees.