Indian industries have continued to expand even amid economic uncertainty at the global level after the Corona epidemic. MSME industries in particular have received maximum bank credit in the last eight years.
The MSME sector has accounted for more than 35-40 percent of the total GDP of the country. Then the strong growth of this sector shows the growth of the Indian economy.
Credit to efficient, small and medium-sized enterprises by Sediaal Commercial Bank in the eight years 2014-2015 was 11.71 lakh crore rupees, which has increased to 20.11 lakh crore rupees by the last financial year 2021-22, according to Minister of State for MSME Bhan Pratap Shih Verma.
This information was given in a written reply in the Lok Sabha recently. Accordingly, the number of MSME loan accounts receiving loans increased by 202% in the seven years between 2014-15 to 2020-21.
Its figure has increased from 139.14 lakhs to 420.19 lakhs. But the number of loan accounts has decreased by 37% to 264.67 lakhs in the last year 2021-2 2 despite the increase in loan amount.
Small-sized enterprises have benefited the most from getting loans from banks. In 2014-15, the number of their loan accounts was 120.19 lakh and the loan amount was 4.24 lakh crore. By 2020-21, the number of loan accounts had increased to 387.93 lakh and the loan amount to Rs 8.21 lakh crore.
1.34 times growth in loan amount to small businesses
In the year 2014-15, the number of loan accounts of small entrepreneurs was 18.03 lakh and the loan amount was 5.37 lakh crore rupees. By the year 2020-21, the number of loan accounts increased to 27.82 lakh and the loan amount to Rs 6.63 lakh crore.
In the last financial year 2021-22, the number of their loan accounts has increased to 21.88 lakh. He had collected Rs 7.22 lakh crore as loan from the bank.
1.93 times increase in loan amount of medium industries
1.93 times increase in loan amount of medium industries The share of medium-sized enterprises in obtaining loans from banks remained low but the loan amount increased by 1.93 times.
In 2014-15 they disbursed 92,000 loan accounts worth Rs. 2.10 lakh crore loans were obtained. By the year 2020-21, the number of their loan accounts increased to 4.44 lakh gae Ane loan amount increased to 3 lakh crore. In the last financial year 2021-22, the number of loan accounts decreased to 3.22 lakh and the loan amount was 4.06 lakh crore.
