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SBI launches "Project Kuber" to digitize lending for MSMEs.

Banking & Economy | Dated: 28 Nov 2025

State Bank of India (SBI) has launched "Project Kuber" in Bengaluru to meet the banking needs of customers, specifically focusing on Micro, Small, and Medium Enterprises (MSMEs). The project establishes digital lending hubs that facilitate instant loan approvals and disbursements using data analytics.

🎯 Key Highlights:

  • Project Kuber aims to reduce the turnaround time for loan processing from days to just a few hours for loans up to Rs 50 lakh.
  • It integrates with the Open Credit Enablement Network (OCEN) to democratize credit access for small businesses.
  • The initiative will be expanded to other major metro cities in phases, supporting the government's vision of enhancing credit flow to the MSME sector.

💡 Other Important Facts:

  • Project: Project Kuber.
  • Focus: MSME Lending.
  • Launch City: Bengaluru.

📚 Test Your Knowledge:

Which bank launched "Project Kuber" to facilitate digital lending for MSMEs?

Correct Answer: SBI

🚀 Quick Recap:

About SBI

  • Chairman – C.S. Setty
  • HQ – Mumbai