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Prime Minister Narendra Modi on Friday announced a 59-minute loan facility of up to Rs 1 crore for small and medium businesses. Launching the MSME support programme, PM Modi said his government has finalised 12 policies to boost the sector. Calling it a "Diwali gift", the prime minister said these policies would enhance credit access to micro, small and medium businesses. The move will give a boost to the micro, small and medium enterprises sector and help generate employment. CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise. Subscribe to our Channel: https://goo.gl/hKwgtm Like us on Facebook: / cnbctv18india Follow us on Twitter: / cnbctv18news Website: http://www.moneycontrol.com/cnbctv18/