Bank Credit to MSMEs Soars by 13.9% in October 2024, Reaching Rs 26.34 Lakh Crore

Posted under: SMB
Date: 2024-12-03
Bank Credit to MSMEs Soars 13.9% in Oct: RBI Data | Justo Global

Bank credit to MSMEs under priority sector lending surged 13.9% in October 2024 to ₹26.34 lakh crore, up from ₹23.11 lakh crore last year, per RBI data. MSE credit grew 12.3%, while medium enterprise credit rose 20.8%. Initiatives like a new digital credit model and a ₹100 crore credit guarantee scheme aim to boost access and support MSMEs’ crucial role in India’s economy.

Read more at: knnindia.co.in

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Bank Credit to MSMEs Soars by 13.9% in October 2024, Reaching Rs 26.34 Lakh Crore

Posted under: SMB
Date: 2024-12-03
Bank Credit to MSMEs Soars 13.9% in Oct: RBI Data | Justo Global

Bank credit to MSMEs under priority sector lending surged 13.9% in October 2024 to ₹26.34 lakh crore, up from ₹23.11 lakh crore last year, per RBI data. MSE credit grew 12.3%, while medium enterprise credit rose 20.8%. Initiatives like a new digital credit model and a ₹100 crore credit guarantee scheme aim to boost access and support MSMEs’ crucial role in India’s economy.

Read more at: knnindia.co.in
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