Credit to MSME rises amid muted growth; personal loans jump 20.4% in Feb

Credit to industry remained muted, with 1 per cent growth in February against a contraction of 5.2 per cent in the year-ago period, according to the Reserve Bank of India data.

This was lead by a 4 per cent growth in credit to micro and small enterprises, followed by a rise of 2.3 per cent and 0.4 per cent, respectively, to medium and large enterprises.

“Credit to major sub-sectors such as textiles, chemical and chemical products, engineering, food processing, and rubber, plastic and their products accelerated. However, credit to infrastructure, basic metal and metal products, cement and cement products, and