New Delhi, March 16 -- Credit disbursement to the micro, small and medium enterprises (MSME) sector by scheduled commercial banks witnessed significant growth over the past three years, reaching Rs 26.43 lakh crore in financial year 2024 25.
Minister of State for MSME Shobha Karandlaje said in a written reply in the Rajya Sabha that bank credit to MSMEs has steadily increased in recent years.
As per official data, credit disbursement to the sector stood at Rs 16.96 lakh crore in 2022 23 and rose to Rs 22.04 lakh crore in 2023 24. It further increased to Rs 26.43 lakh crore in 2024 25.
The Ministwr said that government has undertaken several initiatives to enhance credit penetration and reduce financial stress for MSMEs across the coun...