MSME Loan Portfolio Reaches ₹64.1 Trillion in FY24: Report September 13, 2024 MSME Sampark Msme News 0 The loan portfolio of Micro, Small, and Medium Enterprises (MSMEs) in India has reached a significant milestone, hitting ₹64.1 trillion by March 2024, as per the fourth edition of CRIF High Mark’s How India Lends Report. This represents a 17.8% year-on-year growth, largely driven by the increase in loans to self-employed individuals. According to media reports, the loans cover entities with a total credit exposure of up to ₹50 crore, as well as self-employed individuals. Notably, loans to self-employed individuals have surged by 28.9%, reaching ₹35.7 trillion, while loans to MSME entities saw more modest growth of 6.6%, standing at ₹28.4 trillion. In FY24, approximately 27.4 million MSME loans were sanctioned, amounting to ₹54.2 trillion, marking a 19.3% increase in the number of loans and a 5.4% rise in value. Additionally, individual MSMEs recorded a 12.6% year-on-year growth in loan originations. The portfolio quality of individual MSMEs showed improvement, with the portfolio at risk (Par) for 31 to 90 days dropping to 2.7% by March 2024, down from 3% the previous year. However, the MSME entity segment reported a slight decline in portfolio quality, with the Par increasing to 2.5% in March 2024, compared to 2.1% in the same period last year. The microfinance loan portfolio also expanded during FY24, growing to ₹4.4 trillion with a robust 26.8% growth. The volume of originations saw a 6% increase, with 83.5 million loans sanctioned during the year. This overall growth in the MSME loan portfolio reflects the increasing demand for credit in India’s MSME sector, particularly among self-employed individuals, who are leveraging loans to expand their businesses and support entrepreneurial ventures. Disclaimer: The information provided in this article is based on news updates and reports gathered from various internet sources. While every effort has been made to ensure the accuracy and reliability of the information, we encourage readers to verify the details independently before making any decisions. Popular Articles Msme News PayPal & The Rise of India’s Digital MSMEs Msme News President of India Launches ODR Portal on MSME Day 2025 to Resolve Payment Disputes Msme News Uttar Pradesh Launches MICE Incentive Scheme to Promote MSMEs Globally Msme News Startup Mahakumbh 2025 is ready to host 3000+ startups in New Delhi Msme News CHAMPIONS 2.0 Portal: Smart Support for MSMEs Across India Msme News Digital Push Empowers SC/ST Entrepreneurs: Over 59,000 MSMEs Onboarded on GeM Msme News Faster Access to Capital for MSMEs: A Game-Changer for Growth Msme News Over 75,000 MSMEs Shut Down Since COVID, Government Plans Credit Support Msme News Tamil Nadu Budget 2025: ₹1,918 Crore Allocated to Boost MSME Growth Msme News Prospects Brightening for MSMEs in ITeS, Shows CRISIL SME Tracker
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