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Micro Small and Medium Enterprises News

Loans to MSMEs rise to 15.1% of total bank credit
Bank credit to the country’s micro, small and medium enterprise (MSME) sector rose to 15.1 per cent of total bank credit at the end of March 2011 (provisional), from 13.4 per cent at the end of March 2010. According to the Reserve Bank of India (RBI), total outstanding credit to this sector rose to Rs 3.76 lakh crore in March 2011, from Rs 2.78 lakh crore a year earlier. RBI has issued detailed