MSMEs Now Have Digital OD
Supporting MSMEs, the growth engine of the country is the need of the hour. And since all the businesses thrive on finance, timely and hassle free access to working capital is a challenge.
As Yes Bank partnered with CII TechSaksham, it introduced the launch of Click OD (over draft) facility for the Bank’s existing Micro, Small and Medium Enterprises (MSME) customers. Through this, an MSME can avail unsecured OD up to Rs. 10 lakh digitally, without any documentation, select customers basis their account conduct and credit history.
All these initiatives help in supporting the MSME sector and giving it the much needed thrust to put it on a sustainable growth path. The OD facility is an end to end digital offering where the limit will be disbursed through Bank’s MSME portal. The customer has to login on the portal and just follow the steps. The limit is disbursed in a matter of few clicks.
CII TechSaksham along with Yes Bank has been supporting MSMEs in their growth story through various initiatives such as YES MSME portal and YES GST. Further, through the launch of this product, it hopes to complement its efforts to address MSME’s working capital finance needs thereby supporting them in their endeavor to be sustainable and competitive.
To access these banking benefits and reach out to TechSaksham partner Yes Bank. Click here
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