MSME credit demand surges, says SIDBI
Findings from the latest edition of the SIDBI – TransUnion CIBIL MSME Pulse Report indicate that in FY 2021, loans worth Rs 9.5 lakh crore were disbursed to MSMEs.
This amount is much higher than the preceding year- FY 2020, when loans amounting to Rs 6.8 lakh crores were disbursed.
SIDBI said in a release that the total on-balance sheet commercial lending exposure in India stood at Rs 74.36 lakh crores in March 2021, with YOY growth rate of 0.6 per cent.
MSME segment’s credit exposure stood at Rs 20.21 lakh crore as of March ’21, showing YOY growth rate of 6.6 per cent. This credit growth is observed across all the sub segments of MSME lending.