Posts

Top 20 FAQs About PSB59 Every Business Owner Should Know

  Micro,Small and medium businesses (MSMEs) are companies with limited employees and revenue that play a critical role in economic growth, innovation, and job creation. For many small and medium business owners across India, accessing timely and affordable finance remains one of the biggest roadblocks to scaling their operations. Historically, several hurdles have made MSME financing difficult lengthy application procedures, extensive paperwork, repeated visits to bank branches, and inconsistent lending decisions across financial institutions. The approval process for MSME loans is often far slower than what traditional banks typically offer, leading to delays when businesses need funds the most. Fortunately, PSB59 offers a revolutionary alternative for MSME lenders that allows micro, small and medium businesses to apply for loans for private and public banks, and get digital approval for the same within 59 minutes without having to visit a bank. It leverages digital technologies...
Post a Comment
Read more

Online Business Loan: PSB59 vs Bank Branch

  If you’re tired of the slow, traditional bank loan process that requires repeated branch visits, it’s time to consider online business loans . These digital financing options enable business owners to access capital quickly, with flexible eligibility and faster funding- often without setting foot in a bank. Platforms like PSB Loans in 59 Minutes (PSB59) enable MSMEs to apply digitally, check eligibility, and receive digital approval in as little as 59 minutes- often without a single bank visit. Can I Apply for a Business Loan Without Visiting a Bank? Indeed, it is feasible to apply for a business loan without going to a bank, and this trend is growing more widespread in India. In the past, business owners had to visit a bank branch several times, turn in paperwork, and follow up frequently to find out the status of their loans . The entire application process is now done online thanks to digital lending platforms. With a single online application, MSME businesses can access lo...
Post a Comment
Location: India
Read more

Everything to know about the Kumbhar Sashaktikaran Programme

  What is the Kumbhar Sashaktikaran Program? The Ministry of  Micro, Small and Medium Enterprises ( MSME )  issued the Operational Guidelines for the Kumbhar Sashaktikaran Program (Pottery's activities) vide a notification dated 09/16/2020. The initiative is executed by the  Khadi and Village Industries Commission ( KVIC )  to empower the traditional potter community, particularly in remote and underserved regions of India. Also, the initiative is run under the Gramodyog Vikas Yojana's ( GVY ) Mineral-Based Industry ( MBI ) sector. The  Kumbhar Sashaktikaran Program  focuses on developing their efficiency and income by prioritizing holistic development through skill improvement, market connections, financial aid, and access to contemporary pottery equipment. By offering organized training courses and facilitating access to better equipment and tools to increase output and quality, it seeks to improve artisans' technical proficiency. The program also fu...
Post a Comment
Location: India
Read more