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LATEST NEWS UPDATES | Loans worth ₹37 trillion sanctioned to MSMEs in FY22, up 182% from FY20: Report

Loans worth ₹37 trillion sanctioned to MSMEs in FY22, up 182% from FY20: Report

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published Published on Jun 24, 2022   modified Modified on Jun 26, 2022

-Livemint.com

From 37.7 lakh in FY20 to 72.4 lakh in FY21-22, the average ticket size of MSME loans increased by 92%, the data on MSME loans showed.

Total loan sanctioned to MSMEs stood at 37.29 trillion in FY22, an increase of roughly 5% over FY21 and 182% over FY20, as per a report by CRIF High Mark, a credit bureau.

From 37.7 lakh in FY20 to 72.4 lakh in FY21-22, the average ticket size of MSME loans increased by 92%, the data on MSME loans showed.

As of March 2022, the MSME industry’s portfolio outstanding was 22.7 lakh crore, an increase of 36% over March 2020 and up 18% from March 2021. As of March 2022, there were 137.4 lakh active loans for the MSME sector, an increase of 7% from March 2021 and a 43% increase from March 2020.

 Navin Chandani, MD & CEO, CRIF High Mark, said, “MSMEs are the backbone of the Indian economy, and our data aims to examine the key credit trends emerging for this segment, as we celebrate MSME Day 2022. The fact that total loans sanctioned to MSMEs has increased by nearly 50% compared to pre-pandemic levels is a clear indication that the lending community is actively supporting the resilience and regrowth of this sector. We will continue to publish rich data & insights to benefit the lending ecosystem for small businesses."

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Livemint.com, 24 June, 2022, https://www.livemint.com/news/india/loans-worth-rs-37-trillion-disbursed-to-msmes-in-fy22-up-182-from-fy20-report-11656070152532.html


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