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.