Credit Linked Capital Subsidy Scheme News
State Bank of India (SBI) and other lenders are doing the testing.
The government in 2018 had launched a portal psbloansin59minutes.Com for various kinds of credit products.
The offerings will be gradually expanded, depending on compatibility, as some of the Centrally Sponsored Schemes have involvement from multiple agencies.
Pilot testing is being done and loose ends are being tied up before the actual launch takes place.
After receiving an in-principle approval letter, the loan is expected to be disbursed in 7-8 working days.
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