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Dailymirror.news,Mumbai, October 10, 2025: State Bank of India (SBI), India’s leading public sector bank, launched its revolutionary ‘SME Digital Business Loans’ in 2023-24, enabling Micro, Small, and Medium Enterprises (MSMEs) to secure loans up to ₹5 crores through a seamless online application process.
This innovative product has redefined MSME lending by offering an end-to-end digital loan journey with loan sanctions in as little as 45 minutes, positioning MSME advances as a cornerstone of SBI’s growth and profitability strategy over the next five years.
Key Achievements
- 2.25 Lakh SME Digital Loan Accounts: Processed up to August 2025, with aggregate credit limits of ₹74,434 crores.
- 67,299 MSME Mudra Loans: Disbursed, totaling ₹3,242 crores.
Cutting-Edge Technology
The ‘SME Digital Business Loans’ leverages advanced technology and a robust API ecosystem to streamline lending. By utilizing verified data from Income Tax Returns (ITR), GST returns, and bank statements, SBI’s data-driven credit assessment engine delivers sanction decisions within 10 seconds of submission, eliminating human intervention.
This cash flow-based lending model prioritizes financial discipline, simplifying the appraisal process.
Simplified and Accessible Lending
For loans up to ₹50 lakhs, SBI has eliminated the need for financial statements, relying instead on transaction history and GST returns for evaluation. This move has removed traditional barriers like lengthy credit underwriting and appraisals, making lending faster, simpler, and more accessible for MSMEs.
Nationwide Accessibility
SBI’s commitment to MSMEs is reflected in its 19% credit growth in the SME segment as of March 31, 2025. The ‘SME Digital Business Loans’ is available across multiple channels, including SBI’s website, branches, SME Centres, and Internet platforms.
An assisted digital application process is also available for entrepreneurs needing support from branch officials. Looking ahead, SBI plans to expand access through Customer Service Point (CSP) partner touchpoints and QR codes at outdoor locations in the coming months.
Broader Digital Initiatives
Commenting on the initiative, the Managing Director (Retail & Digital Banking) stated: “SBI’s focus on MSMEs goes beyond SME Digital Business Loans. We have digitized the Mudra loan process and automated collateral-free lending under CGTMSE cover, reinforcing our commitment to expanding credit access and fueling MSME growth. These efforts are driving economic prosperity and resilience across India.”
A New Era for MSME Lending
With its innovative approach, SBI is pioneering a new era of MSME lending by combining speed, simplicity, and technology. By empowering millions of MSME units with accessible credit, SBI continues to strengthen India’s economic backbone and foster sustainable growth.
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