On 2nd November 2018, PM Narendra Modi announced a small Diwali Gift for the MSMEs (Micro, Small and Medium Enterprises) in India. The government of India introduced a quick business loan portal for the individuals who wish to expand their existing business. Under this scheme MSMEs can get loan amount from Rs. 1 Lakh to Rs. 5 Crore in less than 59 minutes from public and private sector banks and Non-Banking Financial Companies (NBFCs).