Mumbai: State Bank of India has revolutionized MSME financing with the launch of its SBI SME Digital Business Loans, offering entrepreneurs end-to-end digital loan approval within 45 minutes.
The initiative, launched in FY 2023–24, allows MSMEs to apply online for credit facilities of up to ₹5 crore.
Designed to accelerate the lending process, the SBI SME Digital Business Loans platform leverages advanced technology and a robust ecosystem of APIs.
By integrating authentic data footprints such as ITR, GST returns, and bank statements, SBI’s data-driven credit assessment engine delivers sanction decisions in as little as 10 seconds – completely eliminating human intervention.
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Since the digital loan journey began, SBI has processed over 2.25 lakh SME Digital loan accounts as of August 2025, with aggregate credit limits amounting to ₹74,434 crore. Additionally, 67,299 MSME Mudra loans worth ₹3,242 crore have been sanctioned under the initiative.
SBI SME Digital Business Loans Streamline MSME Financing
The digital product simplifies credit access by removing the need for traditional underwriting and lengthy appraisals. For loans up to ₹50 lakh, SBI has waived the requirement for financial statements, instead relying on transaction histories and GST data to assess financial discipline and cash flow stability.
This customer-centric approach enables faster, paperless, and more accessible financing for MSMEs, supporting their growth and operational agility.
SBI SME Digital Business Loans: Strengthening Leadership in MSME Lending
With MSME advances identified as a key growth driver for the next five years, SBI continues to strengthen its leadership in the segment, recording 19% credit growth in SME advances as of March 31, 2025.
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The SBI SME Digital Business Loans product is available through multiple touchpoints including SBI’s website, branches, SME Centres, and online channels. An assisted digital application process is also available for entrepreneurs seeking guidance from branch officials.
SBI plans to further expand access to the digital loan journey across its CSP partner outlets and through QR code integration at outdoor touchpoints in the coming months.
Digitization Beyond SME Business Loans
Commenting on the initiative, SBI’s Managing Director (R&DB) stated, “SBI’s focus on MSMEs extends beyond the SME Digital Business Loans platform, with the bank digitizing Mudra products and automating collateral-free loans under CGTMSE cover. These efforts reaffirm SBI’s commitment to enhancing credit accessibility and fostering MSME growth to drive economic resilience.”
