As per PIB (Release ID: 2149373, dated 28 July 2025), Public Sector Banks have launched a New Digital Credit Assessment Model for MSMEs. This model uses real-time digital data (like GST, bank statements, ITR) for automated loan approvals within one day – no external rating needed.
- 98,995 MSME loans already sanctioned (April–15’July 2025)
- Works for existing and new-to-bank borrowers
- Reduces paperwork & approval time
- Backed by Union Budget 2024–25
MSMEs are advised to keep Udyam, GST, and ITR data up to date to benefit from this fast, data-driven lending approach.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2149373