59 minute Loan Yojana: PSBloansin59minutes.com is a website where people who own small businesses or work for themselves can apply for business and Mudra loans. The interest rates for these loans start at 8.50% per year. With this loan program from SIDBI, you can get a loan between Rs 10 lakh and Rs 5 crore in just 59 minutes.
If you are looking for 59 minute Loan Yojana Information then you are at the right place. In this post we will share with you necessary details you should know about this scheme…
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59 minute Loan Yojana
The PSB loan scheme is a business loan plan started by the Modi government. This plan helps small and medium businesses (MSMEs) get loans up to Rs 5 crore in just 59 minutes. A great feature is that small business owners can get up to Rs 7.5 lakh in just 3 days from ZipLoan without needing to pledge any property. Here is more information about the PSB loan scheme.
The PSB loan scheme began in November 2018 during the first term of the Modi government. Its full name is ‘PSB Loan in 59 Minutes’ because the loan is approved in just 59 minutes. The loan amount is then deposited in the borrower’s bank account within 8 working days. This is what the government promises. They have made a special website for this loan called psbloansin59minutes.
Benefits Provided By This scheme
Under This 59 minute Loan Yojana Businessmen do not need to stand in queues in banks nor do they have to run around much. Through this Yojna, all businessmen can apply for business loans up to Rs 5 crore. Under this scheme, MSMEs can get loans ranging from Rs 1 lakh to Rs 5 crore in just 59 minutes from government and private banks as well as NBFC companies.
Eligibility criteria for availing this scheme
If your business is already up and running, you can get a business loan in just 59 minutes. This option is available for businesses that have been around for more than 2 years. You have 3 years to pay back the loan.
If You Fulfill All These Eligibility criteria Then You Can Apply For 59 minute Loan Yojana
- The business should be at least 3 years old.
- You need to have a GST certificate.
- Provide the last 6 months of bank statements (from your current account).
- The business should make good money.
- The applicant must be able to pay back the loan.
Required documents for availing this scheme
- GST Identification Number (GSTIN), GST User ID and Password
- Income Tax e-Filing Password, Date of Incorporation or Date of Birth or ITR of last three years in XML format
- Current Account: Username used in NetBanking, Password or Bank Statement PDF of last 6 months
- Director/Partner/Owner Details: Basic, Personal, KYC, Educational Details and Ownership Details of the firm
- Convenience Fee Rs.1000+GST if application is approved
Madhubabu Pension Yojana Application Process
Step 1: First, go to the psbloansin59minutes.com website and log in.
Step 2: Click on the ‘Register’ button.
Step 3: Fill in your name, email address, and mobile number in the registration form, then click on the ‘Get OTP’ button.
Step 4: Enter the OTP you receive on your mobile.
Step 5: Agree to the terms and conditions by checking the box, then click the ‘Proceed’ button.
Step 6: Your account is now created. Set a password for your account and click the ‘Login’ button.
59 minute Loan Yojana Helpline Number
| Helpline Number | +1800-103-7491 |
| Helpline Mail | [email protected] |
Also Read: Madhubabu Pension Yojana ki Puri Jankari
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