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MSMEs outstanding bank loans up 7.4 pc in 2016-17

twitter-logo PTI        Last Updated: February 6, 2018  | 21:35 IST

New Delhi, Feb 6 (PTI) Outstanding loans of Scheduled Commercial Banks (SCBs) to micro, medium and small enterprises (MSMEs) registered an increase of 3.67 per cent in 2015-16 and 7.40 per cent in 2016-17, Parliament was informed today.

In a written reply in the Rajya Sabha, Minister of State for Finance Shiv Pratap Shukla said that outstanding credit of SCBs to MSMEs in 2016-17, 2015-16 and 2014-15 respectively stood at Rs 10,70,129.48 crore, Rs 9,96,424.94 crore and Rs 9,61,174.17 crore.

In a separate reply, the minister said that State Bank of India (SBI) has engaged TVS Credit Services Ltd as recovery agent. PTI BKS ABM

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