Bengal likely to achieve FY'22 revised credit target to MSME: Official

KOLKATA: The West Bengal government' s revised credit target to MSME sector of Rs 1.02 lakh crore in FY'22 is achievable, and in the first half of the current fiscal, credit flow to the sector remained firm with single-digit growth, an official said on Tuesday. Lending to MSMEs in the first six months of the current fiscal till September was Rs 46,000 crore which is about 47 per cent of the previous year's credit of Rs 87,166 crore.

State level banker's meeting had initially set a credit target at Rs 90,237 crore but at a meeting in June, then finance minister Amit Mitra had urged the bankers to increase it to Rs 1.02 lakh crore.

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