On August 30, 2023, Punjab National Bank (PNB), the nation’s leading public sector bank, launched the PNB GST Sahay App, a mobile application based on the GST Sahay scheme, an end-to-end digital product under which lending can be done on the basis of GST invoices. With this integration, PNB has become the first public sector bank to facilitate frictionless credit flow to MSMEs using GST invoices. This initiative is also in line with the bank’s strategy to further the development of the MSME sector and the digital credit ecosystem in the country. In PNB GST Sahay the entire loan process is digitised and eliminate any sort of manual intervention for the borrowers and make the process much more cost-effective, quick, and smooth. Through this service, the loan amount will be directly credited into the borrower’s current account maintained with the bank. All GST-registered MSME business entities (proprietors) having an active account with PNB are eligible for the PNB GST Sahay service.