The 59-minute loan approval scheme for micro, small and medium enterprises (MSMEs) by the government and SIDBI has sanctioned 2.48 lakh loans till January 1, 2024, of which 2.29 lakh loans were disbursed. According to the data available on the MSME Ministry’s dashboard, Rs 85,980 crore loans were sanctioned, as of January 1, while Rs 69,240 crore loans were disbursed since the scheme’s launch in November 2018.
https://www.financialexpress.com/business/sme/psb-59-minute-loan-scheme-banks-disbursed-nearly-rs-70000-crore-msme-loans-so-far/3360067/