Ahmedabad-based OPL to launch GST Sahay app for instant loan to MSMEs

In yet another push for the digital credit ecosystem, small traders and MSMEs will be able to secure instant working capital loans from the banks using their Goods and Services Tax (GST) profile with an app developed by an Ahmedabad-based start-up.

The GST Sahay app, developed by digital credit platform provider Online PSB Loans (OPL) will enable small store-owners, kirana/grocers and other micro-small and medium enterprises (MSMEs) to secure instant bank loan between Rs.10,000 to Rs.2 lakh.

Notably, OPL’s infrastructure has also been deployed for the rollout of Reserve Bank of India (RBI) Innovation Hub’s pilot on GST Sahay.