MSMEs get relaxed lending norms | Ministry of Finance

MSMEs
MSMEs

Shri Shiv Pratap Shukla, Minister of State for Finance informed that An online lending portal www.psbloansin59minutes.com with majority ownershiv of 6 Public Sector Banks (PSBs)/ Financial Institutions (FIs) along with their associated companies, has been launched which facilitates in principle approval for loans to Micro Small and Medium Enterprises (MSMEs) upto Rs.1 crore within 59 minutes from PSBs. Key features of the portal, inter-alia include enabling borrowers to connect with multiple banks without visiting the branch, financial technology (FinTech) based architecture with high level of information security, analysis of data from various data points, loan products in line with scoring models and assessment methods within approved credit policies, prima facie eligibility check for credit guarantee from CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises), etc.

Government and Reserve Bank of India (RBI) have taken several steps to ensure access of credit to MSMEs. These inter-alia, include, advice to all Scheduled Commercial Banks (SCBs) to achieve a 20% year-on-year growth in credit to Micro and Small Enterprises (MSEs), allocation of 60% of the MSEs advances to the micro enterprise accounts, a 10% annual growth in number of micro enterprise accounts, additional working capital limit to meet the requirements arising due to unforeseen/seasonal increase in demand, adoption of one cluster, operationalising at least one specialised MSME Branch in every district, simplified computation of working capital of MSE units to make it minimum 20% of the projected annual turnover of the unit for borrowal limits upto Rs.5 crore, setting up of Trade Receivables Discounting System (TReDS) to solve the problem of delayed payment of MSMEs, etc.

Loans to MSMEs are extended by individual banks on commercial basis as per their Board approved loan policy and extant RBI guidelines in this regard.

State/UT-wise details of loan extended to MSMEs by Scheduled Commercial Banks (SCBs) during the last four years is at Annexure.

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State/UT-wise details of credit disbursement to MSMEs by SCBs for last four years.

(Amount disbursed in Rs. in crore)

Sr. No. State 2014-15 2015-16  2016-17  2017-18
1 Andaman & Nicobar Islands 148.49 491.53 313.91 380.75
2 Andhra Pradesh 52659.90 31618.29 26746.64 32541.55
3 Arunachal Pradesh 1435.83 289.15 206.31 290.88
4 Assam 12116.65 7470.80 7339.13 10571.60
5 Bihar 7587.23 11491.05 11330.07 15000.12
6 Chandigarh 4759.42 4913.01 4123.90 4920.99
7 Chhattisgarh 10519.37 10685.87 11553.58 12385.87
8 Dadar & Nagar Haveli 158.84 192.60 292.14 386.21
9 Daman & Diu 181.65 125.58 166.05 206.08
10 Delhi 85598.18 78148.12 67695.51 79935.47
11 Goa 1910.73 2577.69 2503.47 3116.52
12 Gujarat 51456.04 55333.58 55244.83 60645.63
13 Haryana 20379.07 26975.96 25348.68 29622.03
14 Himachal Pradesh 3983.16 4767.94 3813.59 5206.56
15 Jammu & Kashmir 6609.38 8714.81 5673.54 7010.46
16 Jharkhand 6036.79 10704.09 8192.32 11339.87
17 Karnataka 56031.06 51447.68 47820.66 47001.61
18 Kerala 26405.88 28420.75 29034.07 32890.48
19 Lakshadweep 65.76 15.49 15.02 119.14
20 Madhya Pradesh 20309.60 25948.31 24767.89 31500.76
21 Maharashtra 151115.94 208550.24 168356.38 170685.99
22 Manipur 8701.26 289.46 222.13 387.23
23 Meghalaya 1100.63 623.24 454.95 527.99
24 Mizoram 2071.57 338.13 206.91 596.74
25 Nagaland 3309.44 345.68 279.39 1106.61
26 Odisha 10554.91 12940.71 12962.48 15383.83
27 Puducherry 1210.28 1438.52 2905.21 2123.50
28 Punjab 34677.59 27885.02 23609.55 32398.47
29 Rajasthan 25097.37 33036.33 34274.80 43190.06
30 Sikkim 127.62 781.69 321.66 275.76
31 Tamil Nadu 79255.70 94990.12 85829.51 88884.52
32 Telegana 0.00 30636.69 32145.47 40651.18
33 Tripura 589.80 1371.31 1320.01 1629.23
34 Uttarakhand 9515.43 11338.27 6252.88 19544.70
35 Uttar Pradesh 39677.55 44298.63 43342.88 45340.62
36 West Bengal 40269.54 47350.94 44561.71 58489.28
  Total 775627.66 876547.26 789227.21 906288.29

Source : RBI

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