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2019-01-05

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Indian Economy
www.pib.nic.in

Ministry of Finance

Relaxing Lending Norms to MSMEs

Posted On: 04 JAN 2019 4:17PM by PIB Delhi

An online lending portal www.psbloansin59minutes.com with majority ownership 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

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.

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DSM/RM/KA



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