PSB platform set to boost digital loans to small business

A new digital lending platform for small businesses, PSB Xchange, will launch in January 2026, aiming to disburse ₹3 lakh crore by 2030. This initiative by 12 public sector banks and Veefin Solutions will connect fintechs and other entities with MSMEs, facilitating access to formal financing at competitive rates.

PSB platform set to boost digital loans to small business
A new digital lending platform for small businesses, PSB Xchange, will launch in January 2026, aiming to disburse ₹3 lakh crore by 2030. This initiative by 12 public sector banks and Veefin Solutions will connect fintechs and other entities with MSMEs, facilitating access to formal financing at competitive rates.