Gandhinagar, Feb. 19 -- To facilitate approval of loans to entrepreneurs in the Micro Small and Medium Enterprise (MSME), the Gujarat government on Tuesday signed a Memorandum of Understanding (MoU) with State Bank of India (SBI).
''The top public sector lender will provide working capital to entrepreneurs seeking to start new MSME within a short time -frame after providing theoretical approval within 15 days of making an application,'' the government said in a release here.
The MoU was signed between principal secretary M K Das and SBI Ahmedabad circle general manager Ramesh Kumar Agarwal.
The bank will provide theoretical approval to the project within 15 days of making an application. Start-ups can submit an application on either t...