Digital co‑financing platform aims to speed up MSME loans across India

SIDBI has rolled out a fully digital co‑financing loan‑originating platform that automates the entire loan cycle—from application and approval to disbursement—without any paper paperwork. Applicants can upload required documents online and receive a provisional approval within minutes. Once approved, the sanctioned amount is transferred directly to the borrower’s bank account, eliminating the need for a physical branch visit and cutting both time and cost. A pilot run in three RRBs delivered encouraging results, prompting plans to expand the model to additional rural banks nationwide.