"Incremental credit to MSMEs on an upswing since beginning of pandemic: SBI report"

Credit and Finance for MSMEs: The incremental credit to MSMEs since the beginning of the pandemic (March 2020) has been on an upswing witnessing a significant jump of Rs 2.7 lakh crores, of which disbursements under the Emergency Credit Line Guarantee Scheme (ECLGS) have been around Rs 2.36 lakh crores, said State Bank of India’s latest Ecowrap report on Thursday.

“For a like-to-like comparison, if we factor in the interest payments to incremental credit, the growth in pure credit disbursements to MSME sector could be around Rs 3.2 lakh crores since the beginning of the pandemic,” the report noted.

Read more at Financial Express