Maximum time schedule for disposal of loan applications /credit proposals as per the amount of the proposals MSME is as under (w.e.f. 01/04/2022):
Credit Limit | Time Schedule (Max.) |
Upto ₹2 lakh | 2 Weeks |
Above ₹2 lakh & Upto ₹50 lakh | 4 Weeks |
Above ₹50 lakh & upto ₹100 lakh | 5-6 Weeks |
Above ₹100 lakh & upto ₹100 Crore | 6-7 Weeks |
Above ₹100 Crore | 8-9 Weeks |
The time frame for disposal of loan applications of MSE borrowers is as under. (Time limit start from the date of submission of complete information /data by the applicant)
Credit Limit | Time limit not exceeding |
Up to ₹5 lakh | 2 Weeks |
Over ₹5 lakh and up to ₹25 lakh | 3 Weeks |
Above ₹25 lakh | 6 Weeks |