59-minute MSME loan scheme a gimmick, says Amit Mitra
West Bengal Finance Minister Amit Mitra on Friday said the 59-minute loan approval scheme for Micro, Small and Medium Enterprises (MSMEs) announced by Prime Minister Narendra Modi was a gimmick. "I have not heard of anybody who has got loans from that portal...If the scheme means only giving in-principle approval, then how does it benefit the MSMEs," Mitra added.