PNB Launches PNB GST Sahay App

Current Context: The PNB GST Sahay App is a mobile application launched by Punjab National Bank (PNB), a state-owned bank in India, to provide instant digital loans to small and medium-sized businesses (MSMEs) based on their GST invoices.

• The app is part of the GST Sahay Scheme, an end-to-end digital product that leverages the GST profile of MSMEs to facilitate frictionless credit flow.
• Through the app, all GST-registered MSMEs having an active account with PNB will be able to access the bank’s GST Sahay service for loans starting from Rs 10,000 to Rs 2 lakh per invoice, subject to capping of Rs 10 lakh per borrower.
• The app also offers features such as loan eligibility calculator, loan application tracker, loan repayment schedule, and loan statement.
• PNB has become the first public sector bank to extend loans to MSME sector entrepreneurs using their GST invoices. The app aims to simplify loan procurement for businesses operating within the MSME sector and support their growth and development.

Question:

Q.1 What is the name of the mobile application launched by Punjab National Bank to provide instant digital loans to MSMEs based on their GST invoices?
a. PNB GST Sahay App
b. PNB GST Samadhan App
c. PNB GST Suraksha App
d. PNB GST Sankalp App