Govt and RBI taken number of measure to ensure access of credit to MSMEs
The Minister of State for Finance Shiv Pratap Shukla informed the Lok Sabha that Government and Reserve Bank of India (RBI) have taken several steps to ensure access of credit to MSMEs. These inter-alia, include, advice to all Scheduled Commercial Banks (SCBs) to achieve a 20% year-on-year growth in credit to Micro and Small Enterprises (MSEs), allocation of 60% of the MSEs advances to the micro enterprise accounts, a 10% annual growth in number of micro enterprise accounts, additional working capital limit to meet the requirements arising due to unforeseen/seasonal increase in demand, adoption of one cluster, operationalising at least one specialised MSME Branch in every district, simplified computation of working capital of MSE units to make it minimum 20% of the projected annual turnover of the unit for borrowal limits upto Rs 5 crore, setting up of Trade Receivables Discounting System (TReDS) to solve the problem of delayed payment of MSMEs, etc.
The disbursement of loans to MSME increased 14.8% to Rs 906288 crore in 2017-18 from Rs 789227 crore in 2016-17.<?xml:namespace prefix = o />
An online lending portal www.psbloansin59minutes.com with majority ownership of 6 Public Sector Banks (PSBs)/ Financial Institutions (FIs) along with their associated companies, has been launched which facilitates in principle approval for loans to Micro Small and Medium Enterprises (MSMEs) upto Rs 1 crore within 59 minutes from PSBs. Key features of the portal, inter-alia include enabling borrowers to connect with multiple banks without visiting the branch, financial technology (FinTech) based architecture with high level of information security, analysis of data from various data points, loan products in line with scoring models and assessment methods within approved credit policies, prima facie eligibility check for credit guarantee from CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises), etc.
Banks State-wise credit disbursement to MSMEs<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Also Read
Sr. No.
State
2014-15
2015-16
2016-17
2017-18
1
Andaman & Nicobar Islands
148
492
314
381
2
Andhra Pradesh
52660
31618
26747
32542
3
Arunachal Pradesh
1436
289
206
291
4
Assam
12117
7471
7339
10572
5
Bihar
7587
11491
11330
15000
6
Chandigarh
4759
4913
4124
4921
7
Chhattisgarh
10519
10686
11554
12386
8
Dadar & Nagar Haveli
159
193
292
386
9
Daman & Diu
182
126
166
206
10
Delhi
85598
78148
67696
79935
11
Goa
1911
2578
2503
3117
12
Gujarat
51456
55334
55245
60646
13
Haryana
20379
26976
25349
29622
14
Himachal Pradesh
3983
4768
3814
5207
15
Jammu & Kashmir
6609
8715
5674
7010
16
Jharkhand
6037
10704
8192
11340
17
Karnataka
56031
51448
47821
47002
18
Kerala
26406
28421
29034
32890
19
Lakshadweep
66
15
15
119
20
Madhya Pradesh
20310
25948
24768
31501
21
Maharashtra
151116
208550
168356
170686
22
Manipur
8701
289
222
387
23
Meghalaya
1101
623
455
528
24
Mizoram
2072
338
207
597
25
Nagaland
3309
346
279
1107
26
Odisha
10555
12941
12962
15384
27
Puducherry
1210
1439
2905
2124
28
Punjab
34678
27885
23610
32398
29
Rajasthan
25097
33036
34275
43190
30
Sikkim
128
782
322
276
31
Tamil Nadu
79256
94990
85830
88885
32
Telegana
0
30637
32145
40651
33
Tripura
590
1371
1320
1629
34
Uttarakhand
9515
11338
6253
19545
35
Uttar Pradesh
39678
44299
43343
45341
36
West Bengal
40270
47351
44562
58489
Total
775628
876547
789227
906288
Source: RBI
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