MSMEs can now avail loan in 30 minutes as Bank of India partners with Cashinvoice

Bank of India (BOI) has launched ‘BOI Trade Easy’ in partnership with Cashinvoice, a supply chain finance technology provider, to facilitate a loan facility for MSMEs where the loan gets approved within 30 minutes.

India’s 63 million MSMEs employ over 110 million people and contribute almost a third of the country's GDP. However, the sector is grappling with a credit shortfall of over ₹20 lakh crore. The long approval process and limited access to working capital are still holding back growth—making solutions like BOI Trade Easy both timely and essential.

"Access to timely and structured financing has remained a critical challenge for many Indian MSMEs for years. As part of our broader strategy to support efficient credit delivery and enhance the overall customer experience, we have continued to explore innovative digital solutions that simplify lending and reduce operational bottlenecks, said Ashok Kumar Pathak, CGM at Bank of India.

According to the press release, “The new platform aims to disburse ₹1,000 crore in working capital loans within the next 4-6 months, benefiting more than 2 lakh MSMEs across India. With BOI Trade Easy, MSMEs can secure loans in just 30 minutes—compared to the traditional 15–30 days. The solution employs digitised credit assessment and is fully automated, making access to finance faster, transparent, and seamless.”

Arun Poojari, Co-founder & CEO, Cashinvoice, said - "Our partnership with Bank of India represents a key shift in how credit flows in the Indian economy - enabling us to unlock working capital for MSMEs who have been underserved by conventional banking."

“At the core of ‘BOI Trade Easy’ is a Digital Credit Engine, which automates onboarding, conducts real-time risk scoring, and ensures compliance with regulatory standards. Seamlessly integrated with BOI’s core banking platform and extensive 5,000+ branch network, the solution provides a hybrid digital-physical experience: MSMEs can start applications online while accessing localised support, making financing accessible even in tier-2 and tier-3 markets,” per the release.

cashinvoice is empowering banks to digitise the entire Supply Chain Finance (SCF) journey using its proprietary technology, which has processed over ₹30,000 crore in transactions since 2018.