Overview

• SBI’s ‘SME Digital Business Loans’, launched in FY24, allows MSME borrowers to apply online for credit up to Rs 5 crore.
• Sanction decisions are generated without human intervention, and the end-to-end process targets a turnaround of up to 45 minutes.
• For loans up to Rs 50 lakh, the bank evaluates applicants using bank transactions and GST returns instead of financial statements.
• The processed total includes 67,299 Mudra loans amounting to Rs 3,242 crore, with Mudra digitisation and CGTMSE-backed collateral-free automation in progress.
• Access spans the website, branches and SME Centres, with expansion to CSP partner touchpoints and QR-code entry points planned as SBI prioritises MSMEs following 19% SME credit growth by March 31, 2025.