The Indian ExpressDec 13, 2021Banks meet 25% of credit target as MSME activities pick upAlong with agriculture, housing and education, lending to MSMEs is a priority sector for banks for extension of credit facility.Credit uptake in the Micro, Small and Medium Scale Enterprises (MSMEs) in Maharashtra is showing signs of recovery with banks meeting 25 per cent of their Rs 2,49,137.75-crore target for the financial year 2021-22 in the first five months of the fiscal.Banks in the state have reported credit uptake of Rs 61,274.53 crore by the MSMEs, which translates into meeting 25 per cent of their target.Along with agriculture, housing and education, lending to MSMEs is a priority sector for banks for extension of credit facility.Given the fact that the sector is the biggest employment generator in the country after agriculture, the government makes special plans for the betterment of the sector.Read more at The Indian Express
Along with agriculture, housing and education, lending to MSMEs is a priority sector for banks for extension of credit facility.Credit uptake in the Micro, Small and Medium Scale Enterprises (MSMEs) in Maharashtra is showing signs of recovery with banks meeting 25 per cent of their Rs 2,49,137.75-crore target for the financial year 2021-22 in the first five months of the fiscal.Banks in the state have reported credit uptake of Rs 61,274.53 crore by the MSMEs, which translates into meeting 25 per cent of their target.Along with agriculture, housing and education, lending to MSMEs is a priority sector for banks for extension of credit facility.Given the fact that the sector is the biggest employment generator in the country after agriculture, the government makes special plans for the betterment of the sector.Read more at The Indian Express
