- Financial Express
MSMEs constituted 95% of FY21 loans in electrical machinery industry: Report
Eases of Doing Business for MSMEs: Of the 3 lakh credit borrowers in the electrical machinery industry as of March 2021, micro, small and medium enterprises (MSMEs) constituted 95 per cent of the overall number of loans and 30 per cent of the overall credit value.
The number of active loans stood at 1,99,490 while the credit value was Rs 94,800 crore with a year-on-year growth of 3.2 per cent even as there was a 5.5 per cent quarter-on-quarter decline, SIDBI and credit bureau Crif High Mark said in a report on Thursday.
The total number of loans disbursed stood at 1,16,080 with a total credit value of Rs 34,320 crore during FY21.
India is currently the third-largest producer and the second-largest consumer of electricity globally with an installed power capacity of 383.37 BW as of May 2021, the report noted.