Financial ExpressMay 4, 20224x jump in bank credit to micro, small enterprises during FY22, SBI report showsCredit and Finance for MSMEs: Credit to micro and small enterprises (MSEs) by All Scheduled Commercial Banks (ASCBs) in the financial year 2021-22 stood at Rs 1.26 lakh crore, four times higher than Rs 30,800 crore credit growth in FY21, according to data from the latest SBI Ecowrap report. “The timely policy interventions have helped alleviate the stress experienced by individuals, MSMEs, corporates and lenders, and by keeping access to finance open on easy terms,” the report said on Monday as the overall credit growth showed an incremental 1.8X rise to Rs 10.45 lakh crore in FY22 from Rs 5.77 lakh crore in FY21. The report was authored by SBI’s Group Chief Economic Adviser Soumya Kanti Ghosh.Read more at Financial Express
Credit and Finance for MSMEs: Credit to micro and small enterprises (MSEs) by All Scheduled Commercial Banks (ASCBs) in the financial year 2021-22 stood at Rs 1.26 lakh crore, four times higher than Rs 30,800 crore credit growth in FY21, according to data from the latest SBI Ecowrap report. “The timely policy interventions have helped alleviate the stress experienced by individuals, MSMEs, corporates and lenders, and by keeping access to finance open on easy terms,” the report said on Monday as the overall credit growth showed an incremental 1.8X rise to Rs 10.45 lakh crore in FY22 from Rs 5.77 lakh crore in FY21. The report was authored by SBI’s Group Chief Economic Adviser Soumya Kanti Ghosh.Read more at Financial Express
