Disbursement of loans to MSME jumps 14.8% to Rs 906288 crore in 2017-18

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" />

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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