NBFC loans to MSMEs jump 14% in FY22 from 2.8% in FY21: RBI report

Amid an overall increase in ban k credit to MSMEs in the financial year 2021-22, non-banking finance companies (NBFCs) also had a noticeable growth in the previous fiscal. The credit to MSMEs by NBFCs in FY22 grew by 14.6 per cent with around more than Rs 1.75 lakh crore extended in comparison to 2.8 per cent growth with around Rs 1.55 lakh crore extended in FY21, according to the provisional data from the Reserve Bank of India (RBI), indicating disbursements under schemes such as the Emergency Credit Line Guarantee Scheme (ECLGS).

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