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Loans and Finance for MSMEs: Bank credit to micro and small enterprises (MSEs) continued to improve in April 2022. Gross bank credit posted to MSEs during the month grew 19.7 per cent to Rs 14.08 lakh crore from Rs 11.77 lakh crore in April 2021, the latest figures from the Reserve Bank of India (RBI) show.reserve Bank of India) Shown on regional deployment of bank credit. The year-on-year (YoY) growth during March stood at 10.6 per cent as compared to 8.4 per cent in February and 4.8 per cent in January, indicating a gradual recovery amid the pandemic after MSEs. Bank loans to MSEs also included Enterprises in Manufacturing and Services Sector and Priority Sector Lending (PSL) certificates.
The growth in credit deployed to medium enterprises also increased by 65 per cent to Rs 3.54 lakh crore from Rs 2.15 lakh crore in April 2021. In comparison, March loans registered a growth of 36.9 per cent at Rs 3.04 lakh crore. 2.22 lakh crore in March 2021.
Besides, the total credit deployed to the MSME sector in April was also higher by Rs 17.63 lakh crore from Rs 16.17 lakh crore deployed in March and Rs 16.10 lakh crore deployed in February. In terms of gross bank credit share, April disbursements to MSMEs stood at 14.75 per cent of the gross credit of Rs 119.54 lakh crore, up from 13.6 per cent in March, 13.8 per cent in February and 13.11 per cent in January. ,
Meanwhile, the sector is likely to recover with a growth of 15-17 per cent in revenue for the financial year 2021-22, as demand picks up after the pick-up in economic activity post-gradual easing of Covid restrictions. , an Assocham study-CRISIL said in April. The study noted that improvements were seen in sectors comprising construction, goods, exports and consumption services. The FY22 growth followed a negative growth of around 10 per cent in FY21 and 6 per cent in FY20. For FY 2013, the study projects a growth of 11-13 per cent for the MSME sector.
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