SME Finance Forum member, State Bank of India announced its the launch of SME Assist, an initiative that will start offering short term loans to its MSME customers. It will render working capital loans to MSMEs according to their input credit tax.

Chief General Manager (SME), V Ramling in a press interview said that the product will help stabilize the SMEs to run their operations without any hurdle and manage their working capital requirement. The scheme aims at providing  working capital to the firms till they get their input tax refund, so that they could carry on with their business processes.