Mumbai: The government’s ambitious ₹3 lakh crore automatic loan scheme for micro, small and medium enterprises (MSME) has received a big thumbs up from banks who are looking at it as a huge business opportunity.
At the Mint’s Pivot or Perish Pivot or Perish Banking on new strategies: A playbook for the banking sector in the post Covid world, the excitement around the scheme was palpable.Arijit Basu, the managing director of State Bank of India expects this scheme to support the ailing MSME sector which has been affected by the Covid crisis.