Financial ExpressApr 25, 2022Bank credit to micro, small enterprises up 8% to over Rs 13 lakh cr in February: RBI dataCredit and Finance for MSMEs: Bank credit and small enterprises (MSEs) in February 2022 jumped 8.4% to Rs 13.12 lakh crore from Rs. 12.11 lakh crore in February 2021, latest data on sectoral development of gross bank credit from the Reserve Bank of India (RBI) showed. The year-on-year (YoY) growth in credit development to MSEs has been positive since December 2021 despite the third wave of the pendemic that seemingly had minimal impact on bussinesses and trade. While December growth was at 9.1 percent from the year-ago period, development in January was up by 4.8 percent from January 2021. The YOY growth in develoment for three consecutive months from September to November was negative.Read more at Financial Express
Credit and Finance for MSMEs: Bank credit and small enterprises (MSEs) in February 2022 jumped 8.4% to Rs 13.12 lakh crore from Rs. 12.11 lakh crore in February 2021, latest data on sectoral development of gross bank credit from the Reserve Bank of India (RBI) showed. The year-on-year (YoY) growth in credit development to MSEs has been positive since December 2021 despite the third wave of the pendemic that seemingly had minimal impact on bussinesses and trade. While December growth was at 9.1 percent from the year-ago period, development in January was up by 4.8 percent from January 2021. The YOY growth in develoment for three consecutive months from September to November was negative.Read more at Financial Express
