Financial ExpressOct 22, 2021MSME loan share in commercial loans by value jumps over 50% in five years: ReportCredit and Finance for MSMEs: The share of bank credit to micro and small enterprises in India’s total gross bank credit was 10.07 percent in July, as per the RBI data.33 percent growth in share by value and 47 percent growth in share by volume of loans to micro-enterprises among MSMEs was recorded from FY17 to FY21.Credit and Finance for MSMEs: Loans to micro, small, and medium enterprises, which represent a major share in the overall commercial loans by volume, have witnessed a nearly 52 percent increase in value as well. From 16.2 percent in FY17, the MSME loan value in commercial loans jumped to 24.6 percent in FY21, according to a new report on the overall lending data.Read more at Financial Express
Credit and Finance for MSMEs: The share of bank credit to micro and small enterprises in India’s total gross bank credit was 10.07 percent in July, as per the RBI data.33 percent growth in share by value and 47 percent growth in share by volume of loans to micro-enterprises among MSMEs was recorded from FY17 to FY21.Credit and Finance for MSMEs: Loans to micro, small, and medium enterprises, which represent a major share in the overall commercial loans by volume, have witnessed a nearly 52 percent increase in value as well. From 16.2 percent in FY17, the MSME loan value in commercial loans jumped to 24.6 percent in FY21, according to a new report on the overall lending data.Read more at Financial Express
