Loan in 59 minutes for MSMEs: PM Modi launches portal to ease credit for small businesses

At a time when the Micro, Small and Medium Enterprises (MSMEs) in the country are facing difficulty in raising funds, Prime Minister Narendra Modi on Friday launched a portal that will sanction a loan to an MSME in 59 minutes.  “In the time taken for you to reach your office, you can now get a loan. We had run a pilot and I had set a target of 72,000 MSMEs under this. As of tod…