#msmesuccessstories

By creating jobs, stimulating innovation, and contributing substantially to India's GDP, MSMEs are important to India's economy. However, restricted access to timely credit due to lengthy paperwork and traditional lending procedures has inhibited their expansion.

The PSB59 initiative has completely changed this model by enabling an MSME to receive pre-approved loans within 59 minutes through a digital, data-driven process. The scheme has now funded 2.2 lakh MSMEs, totaling almost ₹68,000 crore in loans. This has enabled MSME entrepreneurs to grow their operations, purchase new technology, and expand their businesses in a variety of sectors. The following are some examples of how MSMEs have been successful because of PSB59 loans:

A Woman Entrepreneur Expanding Her Toy Business

A woman entrepreneur behind Gauri Arts, a toy manufacturing and handicrafts business, secured an MSME loan from the State Bank of India by applying through the PSB59 platform. Gauri Arts specializes in handcrafted toys that are loved by children and valued as unique gifts.

As customer demand increased, the business required additional funds to expand production capacity, purchase raw materials, and reach a wider market. By using the PSB59 platform, the entrepreneur received quick digital loan approval, enabling her to access the required financing without delays.

With timely financial support, Gauri Arts scaled up production, diversified its product range, and strengthened its presence in the toy and handicrafts market. This success story highlights how digital lending solutions can empower women entrepreneurs to grow their businesses and contribute to the MSME sector.

Watch the testimonial: https://www.youtube.com/watch?v=RGnLni3DBTM 2. Strengthening the Textile Retail Business

MSME Loans provided Jaiswal Vastralay & Company, a retailer of textiles and ready-made garments, funding to expand its business through the PSB59 platform. The business needed funds to expand its fabric and ready-made garment inventory to meet increased customer demand.

The PSB59 digital portal allowed the entrepreneur to process the loan faster than the traditional method. The loan enabled the businessman to maintain inventory and provide better products and options to its customers, which will help grow its retail business. The businessman thanked Punjab National Bank for helping his business grow through timely financial assistance.

Watch the testimonial: https://www.youtube.com/watch?v=lAXx9NuvC6k

3. Supporting Agricultural Retail Growth

Krushi Raksha Rasayan Bhandar, an agricultural input retailer, secured an MSME loan from Punjab National Bank through the PSB59 platform to strengthen its business operations. The store supplies essential agricultural products, including fertilisers, pesticides, and other farming inputs, to support the needs of local farmers.

Using the platform's simple digital loan application process, the entrepreneur obtained timely financial assistance to improve working capital. This enabled the business to maintain adequate inventory, ensure a consistent supply of agricultural products, and serve the farming community more efficiently. The success of Krushi Raksha Rasayan Bhandar demonstrates how digital lending solutions can help agricultural retailers expand their operations and better support local farmers.

Watch the testimonial: https://www.youtube.com/watch?v=HvajxsMDrNU 

4. Expanding Paper Supply Operations

Vardhman Paper has received an MSME loan from Punjab National Bank through the PSB59 portal to support their expanding paper distribution business. The entrepreneur used the digital platform to apply for their loan and received faster processing than with traditional lenders.

The loan proceeds will enable them to add more products to their inventory and create more efficient supply chains for clients such as printing houses, corporations, and educational institutions. Access to additional working capital and streamlined financing has allowed them to expand their market reach.

Watch the testimonial: https://www.youtube.com/watch?v=QWn-yO-zPsU

5. Astronomical and Scientific Products

C-SKY Scientifics Pvt Ltd, an Indian-based Manufacturer of Astronomical and Scientific Instruments for Educational Institutions and Research Facilities, received an MSME Loan from Indian Overseas Bank through the PSB59 Platform to expand operations due to the growing demand for their products.

The digital loan application process allowed for faster funding while providing access to low-cost financing. With this financial support, C-SKY was able to increase production capacity as well as develop new product lines, continuing to support Scientific Education and Research through these institutions.

Watch the testimonial: https://www.youtube.com/watch?v=2w1K_2NxmaQ

6. Empowering Women Entrepreneurs Through Accessible Credit

Venus Enterprises received an MSME loan from Punjab National Bank to enhance the growth of a woman entrepreneur's business operations using the PSB59 portal. The entrepreneur applied online via the digital platform and received a quicker, more convenient loan process than would have been possible with traditional methods.

With financial assistance, the company enhanced its working capital management and improved the service it provided to its customers. The entrepreneur thanked Punjab National Bank for providing access to credit through the PSB59 platform.

Watch the testimonial: https://www.youtube.com/watch?v=Z-1dbqej2QU

7. Strengthening Fuel Distribution Operations

Rushank Petroleum received an MSME loan from State Bank of India (SBI) through the PSB59 platform, which supported its cash flow and daily needs related to the sale of petroleum products. Unlike traditional processes for accessing capital, using the PSB59 portal allowed the entrepreneur to obtain financing much more quickly and easily.

This timely availability of loan proceeds allowed Rushank to enhance its operating efficiency and provide better service to its customers. The entrepreneur expressed appreciation to SBI for enabling access to funding through this digital MSME financing platform, thereby supporting the Company’s growth.

Watch the testimonial: https://www.youtube.com/watch?v=AaS4hBwNhvw

8. A Customised Computer Seller Business Expanding Its IT Solutions

A SME GINISH INFOTECH business provides customised computer and IT support. The owner decided to seek additional funding due to increasing demand for high-performance systems. Therefore, they applied for a PSB59 loan with basic financial information for digital evaluation. They quickly received digital approval for the loan, which allowed them to invest in improved tools, additional inventory, and skilled technicians.

As a result of this investment, they were able to add additional services (such as network setup and server installation), serve more customers, generate more revenue, and become better established in the local technology market. They got it from Punjab National Bank.

Watch the testimonial video here: https://www.youtube.com/watch?v=snxeai9LgtI

9. Jewellery business

M/S Aaditiya Jewellers received an MSME loan from Punjab National Bank through the PSB59 portal system. With access to financing, the business could strengthen its working capital, expand its inventory of jewellery, and improve service to its customers. A simplified digital lending process provided an entrepreneur with quick approval times compared to traditional lending methods, allowing him to focus on growing and operating his business.

This case illustrates how easy access to credit through PSB59 can help jewellery and other MSMEs grow and serve customers more effectively.

Watch this testimonial to see how M/S Aaditiya Jewellery expanded its business with an MSME loan: https://www.youtube.com/watch?v=QQ418Uo0pCc

Why PSB59 Makes a Difference for MSMEs

These success stories highlight how digital lending is transforming the MSME financing landscape.

Unlike traditional loan processes that often involve multiple bank visits, extensive paperwork, and long waiting periods, the PSB59 platform simplifies and accelerates the loan application journey.

Key benefits include:

Digital Approval in 59 Minutes: Eligible applicants can receive digital in-principle approval for collateral-free MSME term loans in as little as 59 minutes, significantly reducing the time spent waiting for loan decisions.

Digital Data Integration: The platform evaluates business creditworthiness by securely analysing GST data, Income Tax Returns (ITRs), and bank statements, minimizing the need for manual documentation.

Wider Access to Credit: Eligible MSMEs can apply for loans ranging from ₹10 lakh to ₹5 crore, depending on their credit profile and lender assessment.

Support for Business Growth: Businesses can use MSME loans for various purposes, including purchasing machinery, upgrading technology, expanding infrastructure, and meeting working capital requirements.

By combining speed, transparency, and a fully digital application process, PSB59 enables MSMEs to access timely finance and focus on growing their businesses with greater confidence.

The Bigger Impact on India’s MSME Ecosystem

The impact of PSB59 goes beyond individual businesses. By improving access to credit, the platform supports entrepreneurship, job creation, and economic development.

As digital lending platforms continue to evolve, they are making financial services more inclusive for small businesses that were historically underserved by traditional banking systems.

For MSMEs, getting quick access to funds is often the key factor that separates stagnation from expansion. Timely credit enables business owners to take advantage of opportunities by investing in machinery upgrades, entering new markets, and enhancing their businesses to drive growth.

Conclusion

Every successful MSME has a story of resilience, innovation, and ambition. For many of these businesses, access to timely funding is crucial to their journey.

The PSB59 Minutes platform has enabled thousands of business owners in India to bypass traditional financing barriers by providing faster approvals & easier access to credit. MSMEs from all sectors - manufacturing, textile, food processing, service - are using the PSB59 Minutes platform to expand and achieve sustainable growth.

As more businesses embrace digital lending solutions, initiatives like PSB59 will continue to empower entrepreneurs and strengthen India’s vibrant MSME ecosystem.

Additional Read:

Is an MSME Loan Available Without Security for a New Business?

MSME Loans for Small Businesses

Which Bank is the Best for an MSME Loan in India?

Understanding MSME Business Loan Eligibility Criteria in 2026

Best Loan Options for Manufacturing MSMEs in 2025

Top 5 Business Loan Schemes for Women Entrepreneurs in India

Can a Fresher Get a Business Loan?

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