Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | The low productivity trap of collateralised lending for MSMEs -Harsh Vardhan    </title>
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The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy..."/>
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                            <p style="text-align:justify">-Ideas for India</p><p style="text-align:justify"><em>The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy of providing credit against collateral, and the constraints MSMEs face while borrowing&ndash; which leads to decreased investment and firm productivity. He argues that the learnings from the credit guarantee scheme could be used to design a permanent guarantee scheme for MSME credit.</em></p><p style="text-align:justify">Micro, small, and medium enterprises (MSMEs) are an important part of the Indian economy. Roughly between 6 and 8 million in number, they are estimated to account for around 30% of GDP and employ more than 100 million. Despite this significant role in the economy, they have been chronically credit starved. Issues of flow of credit to MSMEs has been extensively discussed for a long time and it is fair to say that it remains a policy challenge.</p><p style="text-align:justify">During the Covid-19 pandemic, MSMEs experienced a dramatic growth in credit from the banking sector. Bank credit to MSMEs, which had remained stagnant for almost five years from 2015 onwards, grew by 15% in FY2020-21, and by another 31% in FY2021-22. It is important to keep in mind that the overall bank credit growth in these two years was around 8%. Figure 1 gives details of the annual growth in bank credit to MSMEs, and the share of MSME credit in total bank credit. The share of MSMEs in bank credit, which was stable at around 8.5% for the first half of the last decade, reduced by nearly half to 4.8% by FY 2019-20. To put this in perspective, the share of (unsecured) personal loans given by the banking system in 2020 was 8% of total loans.</p><p style="text-align:justify">Please <a href="https://www.ideasforindia.in/topics/money-finance/the-low-productivity-trap-of-collateralised-lending-for-msmes.html" title="https://www.ideasforindia.in/topics/money-finance/the-low-productivity-trap-of-collateralised-lending-for-msmes.html">click here</a> to read more.&nbsp;</p>                                                           
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    <h1 class="cat-box-title">The low productivity trap of collateralised lending for MSMEs -Harsh Vardhan</h1>
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                            <p style="text-align:justify">-Ideas for India</p><p style="text-align:justify"><em>The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy of providing credit against collateral, and the constraints MSMEs face while borrowing&ndash; which leads to decreased investment and firm productivity. He argues that the learnings from the credit guarantee scheme could be used to design a permanent guarantee scheme for MSME credit.</em></p><p style="text-align:justify">Micro, small, and medium enterprises (MSMEs) are an important part of the Indian economy. Roughly between 6 and 8 million in number, they are estimated to account for around 30% of GDP and employ more than 100 million. Despite this significant role in the economy, they have been chronically credit starved. Issues of flow of credit to MSMEs has been extensively discussed for a long time and it is fair to say that it remains a policy challenge.</p><p style="text-align:justify">During the Covid-19 pandemic, MSMEs experienced a dramatic growth in credit from the banking sector. Bank credit to MSMEs, which had remained stagnant for almost five years from 2015 onwards, grew by 15% in FY2020-21, and by another 31% in FY2021-22. It is important to keep in mind that the overall bank credit growth in these two years was around 8%. Figure 1 gives details of the annual growth in bank credit to MSMEs, and the share of MSME credit in total bank credit. The share of MSMEs in bank credit, which was stable at around 8.5% for the first half of the last decade, reduced by nearly half to 4.8% by FY 2019-20. To put this in perspective, the share of (unsecured) personal loans given by the banking system in 2020 was 8% of total loans.</p><p style="text-align:justify">Please <a href="https://www.ideasforindia.in/topics/money-finance/the-low-productivity-trap-of-collateralised-lending-for-msmes.html" title="https://www.ideasforindia.in/topics/money-finance/the-low-productivity-trap-of-collateralised-lending-for-msmes.html">click here</a> to read more.&nbsp;</p>                                                           
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        LATEST NEWS UPDATES | The low productivity trap of collateralised lending for MSMEs -Harsh Vardhan    </title>
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The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy..."/>
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The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy..." />
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    <h1 class="cat-box-title">The low productivity trap of collateralised lending for MSMEs -Harsh Vardhan</h1>
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                            <p style="text-align:justify">-Ideas for India</p><p style="text-align:justify"><em>The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy of providing credit against collateral, and the constraints MSMEs face while borrowing&ndash; which leads to decreased investment and firm productivity. He argues that the learnings from the credit guarantee scheme could be used to design a permanent guarantee scheme for MSME credit.</em></p><p style="text-align:justify">Micro, small, and medium enterprises (MSMEs) are an important part of the Indian economy. Roughly between 6 and 8 million in number, they are estimated to account for around 30% of GDP and employ more than 100 million. Despite this significant role in the economy, they have been chronically credit starved. Issues of flow of credit to MSMEs has been extensively discussed for a long time and it is fair to say that it remains a policy challenge.</p><p style="text-align:justify">During the Covid-19 pandemic, MSMEs experienced a dramatic growth in credit from the banking sector. Bank credit to MSMEs, which had remained stagnant for almost five years from 2015 onwards, grew by 15% in FY2020-21, and by another 31% in FY2021-22. It is important to keep in mind that the overall bank credit growth in these two years was around 8%. Figure 1 gives details of the annual growth in bank credit to MSMEs, and the share of MSME credit in total bank credit. The share of MSMEs in bank credit, which was stable at around 8.5% for the first half of the last decade, reduced by nearly half to 4.8% by FY 2019-20. To put this in perspective, the share of (unsecured) personal loans given by the banking system in 2020 was 8% of total loans.</p><p style="text-align:justify">Please <a href="https://www.ideasforindia.in/topics/money-finance/the-low-productivity-trap-of-collateralised-lending-for-msmes.html" title="https://www.ideasforindia.in/topics/money-finance/the-low-productivity-trap-of-collateralised-lending-for-msmes.html">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.ideasforindia.in/topics/money-finance/the-low-productivity-trap-of-collateralised-lending-for-msmes.html" class="re" target="_blank">Ideas for India, 7 October, 2022, https://www.ideasforindia.in/topics/money-finance/the-low-productivity-trap-of-collateralised-lending-for-msmes.html</a><div class="clear"></div>
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The low productivity trap of collateralised lending for MSMEs -Harsh Vardhan

Published on Oct 7, 2022   Modified on Oct 11, 2022

-Ideas for India The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy of providing credit against collateral, and the constraints MSMEs face while borrowing– which leads to decreased investment and firm productivity. He argues that the learnings from the credit guarantee scheme could be used to design a permanent guarantee scheme for MSME credit. Micro, small, and medium enterprises (MSMEs) are an important part of the Indian economy. Roughly between 6 and 8 million in number, they are estimated to account for around 30% of GDP and employ more than 100 million. Despite this significant role in the economy, they have been chronically credit starved. Issues of flow of credit to MSMEs has been extensively discussed for a long time and it is fair to say that it remains a policy challenge. During the Covid-19 pandemic, MSMEs experienced a dramatic growth in credit from the banking sector. Bank credit to MSMEs, which had remained stagnant for almost five years from 2015 onwards, grew by 15% in FY2020-21, and by another 31% in FY2021-22. It is important to keep in mind that the overall bank credit growth in these two years was around 8%. Figure 1 gives details of the annual growth in bank credit to MSMEs, and the share of MSME credit in total bank credit. The share of MSMEs in bank credit, which was stable at around 8.5% for the first half of the last decade, reduced by nearly half to 4.8% by FY 2019-20. To put this in perspective, the share of (unsecured) personal loans given by the banking system in 2020 was 8% of total loans. Please click here to read more.

Ideas for India, 7 October, 2022, https://www.ideasforindia.in/topics/money-finance/the-low-productivity-trap-of-collateralised-lending-for-msmes.html

Tagged with: Micro Small and Medium Enterprises MSMEs credit guarantee scheme permanent guarantee scheme collateralised credit bank credit bank loans

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