The real reason behind giving ‘MSME loan in 59 minutes’1 min read . Updated: 19 Nov 2018, 07:08 AM IST
Credit growth real rates to MSMEs are nowhere near the levels they were at the time of the last Lok Sabha elections
The accompanying chart shows the steep fall in real (after adjusting for inflation) growth in bank credit to micro, small and medium enterprises (MSMEs) during the last four years. Real credit growth by banks to these units started tapering off from 2015, went into negative territory in the beginning of 2016 and then was practically driven into a coma by demonetisation. Thereafter, it limped along, before starting to recover from the beginning of this year, aided by a low base and a rebound from the travails induced by the introduction of the goods and services tax (GST).
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