Field notes from the lending team — what banks actually check, which GST patterns trigger rejections, how to read a balance sheet the way an underwriter does.
In May 2026, the government launched ECLGS 5.0, a ₹2,55,000 crore guarantee scheme that lets MSMEs top up their working capital by 20%. It is collateral-free and the interest rate is capped at 9%. At that the the scheme was announced, SBI Research estimated the scheme could benefit about 1.1 crore
From July 1, 2026, the Reserve Bank of India (RBI) requires all lenders — banks, Non-Banking Financial Companies (NBFCs), small finance banks, and co-operative banks — to update your credit information with credit bureaus every week. Until now, this happened once every 15 days. Before January 2025, it was monthly. From July 1st, 2026, every lender must
In May 2026, the Union Cabinet cleared ECLGS 5.0 scheme to help businesses hit by the West Asia crisis. Rather than lending directly, the government has decided — guarantee the loans, covering 100% of a defaulting MSME's dues and 90% for non-MSMEs and airlines. This lets banks and NBFCs extend fresh working capital
India's ₹30 lakh crore MSME credit gap isn't a capital problem. It's a process problem. Evaluating a loan file against a bank's parameters takes up to 15 days. We believe it could be done in 10 minutes. We built LoanSignal.