Hyderabad, Oct. 29 -- Micro-business entrepreneurs (MBE) account for 46 per cent of India's commercial lending, with outstanding loans worth Rs 29.6 lakh crore, according to a joint report by TransUnion CIBIL and the National Small Industries Corporation (NSIC), released in Hyderabad on Thursday.
Talking to the media, Ejaz Nazeer, Chief Product Officer of TransUnion CIBIL, said nearly four crore individuals had taken loans for business purposes, while around 63 lakh business entities had loans of up to Rs 2 crore. He noted that many entrepreneurs continued to borrow in their personal capacity rather than in the name of their businesses, limiting their access to suitable credit facilities as they expand.
The report highlighted that Telanga...