Banking

Q1: Which financial institution launched the "MSME Sahaj" online loan solution for MSMEs?

A HDFC Bank

B ICICI Bank

C Axis Bank

D State Bank of India

ANS:D - State Bank of India

The State Bank of India (SBI) introduced "MSME Sahaj," an innovative online loan solution designed specifically for MSMEs. This platform allows MSMEs to obtain loans up to ₹1 lakh against their GST-registered sales invoices within 15 minutes, leveraging automated processing and data-driven credit assessments through SBI's digital platform Yono. The initiative aims to enhance cash flow for micro SME units efficiently.



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