PSB Loans in 59 Minutes” Platform

In 2018, SIDBI led consortium of Public Sector Banks set up a contactless credit platform coming out of EASE program of GoI as a digital market place for credit facilities.



The “PSB Loans in 59 Minutes” portal was launched on November 02, 2018. The platform has received over 7.11 lakh applications of which 5.51 lakh applications have been approved. Thus, the platform is established as a significant digital intervention in providing credit to MSMEs, with scope for new interventions in line with an evolving and expanding digital landscape. OPL has also developed and has been managing a national portal for Government schemes (www.jansamarth.in) which was launched by Hon’ble Prime Minister. It has also been involved in developing and managing the Jan Suraksha portal as also the Udyam Assist Platform. OPL is now providing several straight through credit processing solutions to several leading Banks in the country. It has also co-created a FIT score in association with CIBIL TransUnion under mentorship of SIDBI.

For more details, please visit - https://www.psbloansin59minutes.com