Knowledge & News Network (KNN)Jun 28, 2022"MSME loan growth in FY22 increases 36% above pre-pandemic level: Report"As compared to the pre-covid level in March 2020, the loan portfolio outstanding of micro, small, and medium enterprises (MSMEs) increased to Rs 22.7 lakh crore, a jump of 36 percent. It rose by 18 percent over March 2021, as per a study by CRIF High Mark, a credit information bureau.As of March 2022, there were 137.4 lakh active loans for the MSME sector, an increase of 7 percent from March 2021 and a 43 percent increase from March 20 Portfolio at risk (PAR) for 91-180 days past due (DPD) improved from 1.6 percent as of March 2021 to 1.3 percent as of March 2022.Read more at Knowledge & News Network (KNN)
As compared to the pre-covid level in March 2020, the loan portfolio outstanding of micro, small, and medium enterprises (MSMEs) increased to Rs 22.7 lakh crore, a jump of 36 percent. It rose by 18 percent over March 2021, as per a study by CRIF High Mark, a credit information bureau.As of March 2022, there were 137.4 lakh active loans for the MSME sector, an increase of 7 percent from March 2021 and a 43 percent increase from March 20 Portfolio at risk (PAR) for 91-180 days past due (DPD) improved from 1.6 percent as of March 2021 to 1.3 percent as of March 2022.Read more at Knowledge & News Network (KNN)
