Credit disbursal to MSMEs up by 20% year-on-year

Last Updated: Mar 14 2018 | 7:06 PM IST

New Delhi, Mar 14 (ANI): Amid a slew of reforms taken for the empowerment of the Micro Small and Medium Enterprise (MSME) segment, the Centre revealed that loan disbursal to this segment witnessed a 20 percent growth year-on-year (YoY). However, first-time borrowers increased by four lakhs, while loans to small businesses in the Rs. 10 lakh sub-section increased by 32 percent. Out of this, companies in the Rs.10-50 lakh segment saw 17.1 percent growth, while those in the Rs.50 lakh to Rs. 1 crore grew by 15.6 percent. The data also revealed that MSMEs with a loan between Rs.10 lakh and Rs. 5 crores had the lowest crime rate, stable asset quality and limited downside. MSME sector, in this year's Union Budget, was recognised as the engine of growth and employment.

Test1

test 1 >

Updated On: 12 Mar 2025 | 4:25 PM IST

Trump’s ‘Gold Card’ visa to replace Green Card2?

US President Donald Trump has announced a new ‘Gold Card’ visa offering wealthy immigrants a pathway to US citizenship for $5 million. The new visa will replace the EB-5 investor program2.

Updated On: 11 Mar 2025 | 4:00 PM IST

Watch: IAF conducts air show over Maha Kumbh Mela Kshetra on Maha Shivratri

The Indian Air Force conducted an air show over the Maha Kumbh Mela Kshetra on the last day of Maha Kumbh 2025.

Updated On: 26 Feb 2025 | 5:58 PM IST

Delhi BJP’s Rs 2,500 poll promise to women: Reality or hoax?

Delhi CM Rekha Gupta has alleged that the AAP government has emptied the state exchequer. But what about the BJP's promise of providing Rs 2,500 per month to women, a key part of its election rhetoric

Updated On: 26 Feb 2025 | 5:44 PM IST

Brics Summit: PM Modi, Xi Jinping, other leaders pose for family photo in Kazan

Russian President Vladimir Putin welcomed the leaders of the BRICS at the venue of the Plenary session on Wednesday.

Updated On: 13 Jan 2025 | 6:54 PM IST

Can tax cuts be introduced in Union Budget 2025?

With Union Budget 2025 just around the corner, the buzz is growing. The big question: Will middle-income taxpayers finally get the relief they’ve been waiting for? Watch the video to know more.

Updated On: 30 Jan 2025 | 1:24 PM IST

Union 2025 Budget: Freebies and subsidies, their impact on government finances

As India anticipates the unveiling of this year’s Union Budget, a key question dominates public discourse: > > > >

Updated On: 27 Mar 2025 | 6:08 PM IST

How is the Indian Union Budget prepared?

The Indian Union Budget is crafted through a multi-step process involving various stakeholders. As the Union Budget 2025 draws closer, let's revisit at the process that goes behind preparing the count

Updated On: 30 Jan 2025 | 1:29 PM IST

Budget Pulse: What’s inside the Union Budget?

The Union Budget 2025 is just around the corner. What does the Budget include? Watch the video to know in simple terms. > > > >

Updated On: 11 Mar 2025 | 2:33 PM IST

Union Budget 2025: Exploring India's most historic budgets

As we gear up for the upcoming Union Budget, let’s revisit some of the most iconic budgets in India’s history.

Updated On: 30 Jan 2025 | 1:33 PM IST