Micro, Small, and Medium Enterprises (MSMEs) are vital to India’s socio-economic growth but often struggle with obtaining timely funding. PSB59 is designed to ease this challenge by providing quick access to financing, helping MSMEs secure funds for their business needs efficiently. With PSB59, MSMEs can receive digital loan approvals ranging from ₹10 lakh to ₹5 crore within just 59 minutes through a simple, single application, streamlining the credit process and empowering businesses to grow without delay.
✔ High Loan Amount : Loans up to ₹5 crore at competitive interest rates.
✔Low Interest Rates :Starting from 8.5% per annum.
✔Simple Process : Single application for easy processing.
✔ Seamless Integration : Direct connection with statutory bodies and CGTMSE.
✔ Flexible Tenures : Tailored repayment options for convenience.
1. GST Registered Business :Sales details fetched automatically from the GST portal using GSTIN and username. If not, GST registered, manually declare 12 months of sales details.
3. Income Tax Return (ITR): For Term Loan: Last 3 years ITR in XML format.
5. Other Business Details : Business and loan requirement information.
2. Income Tax Return (ITR): For Working Capital Loan: Latest 1-year ITR in XML format.
4. Bank Statements : Latest 6 months’ bank statements in PDF format, downloadable from net banking or mobile banking apps. Multiple files can be uploaded if needed.
it means real leads, loyal customers, and unstoppable growth.
Nexlio Startup was created with the goal of supporting Micro, Small, and Medium Enterprises (MSMEs) by helping them navigate government schemes that can drive business growth.
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