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Good news! This Diwali gift of PM Modi will sanction a loan of up to Rs 1 crore in just 59 minutes; know how

Speed News Desk | Updated on: 3 November 2018, 7:54 IST

Prime Minister Narendra Modi has given lots of ideas to youth that how to generate the employment in the country or how to be get employed like his idea of selling pakoras (fritters). Also, he has been focussed on the Micro Small and Medium Enterprises as well. As Diwali season is approaching next week, therefore, PM Modi has given a Diwali gift to such entrepreneurs and employees who were complaining of getting a loan.

On Friday (2nd November), PM Modi has launched a 59-minute loan approval process for the MSMEs. He called it a big step and also an example of a collective initiative.

PM Modi also said that GST-registered MSMEs will be eligible to get the loan to Rs 1 crore in just 59 minutes through a new portal.

 

 

‘Minimum government and maximum governance is the core principle of our government,’ PM Modi said. He also added that this is the new Indian, where no one needs to go to the government offices.

Also, PM Modi has given the relaxation in the labour laws, changes in company laws and also easier compliance with the environmental rule.

 

Also read: Diwali cracker bursting verdict: Not for Delhi, but for this state Supreme Court extended cracker bursting time; know which?

First published: 3 November 2018, 7:50 IST
 
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