PM launched 59-minute portal for MSMEs

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Neighbourhood News Desk/ Garima Kotroo: The Prime Minister Narendra Modi has announced a brand new scheme of  59-minute portal for loans of upto ₹1 crore to Micro, Small and Medium Enterprises (MSMEs) at an event in New Delhi. Over 72,000 MSMEs have been sanctioned loans worth ₹23,500 crore through this portal till date.


Modi said, “now public sector enterprises will have to buy 25% of their inputs from the MSME sector, compared with 20% earlier. The government will also allocate up to Rs 6,000 crore to develop technology centres for small business.


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