Bank credit to micro, small businesses up 5.4% in August from year ago but contracts 3.9% in FY21 so far

Bank credit to micro, small businesses up 5.4% in August from year ago but contracts 3.9% in FY21 so far

Credit and Finance for MSMEs: There was a contraction of 3.9 per cent in credit deployed to MSEs in August 2020 in the financial year so far. Banks had deployed Rs 11.49 lakh crore as on March 27 to MSEs.
Check the source here –Source, Financial Express.

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