Sarabjit Kaur
Outstanding loans of Scheduled Commercial Banks (SCBs) to micro, medium and small enterprises (MSMEs) registered an increase of 3.67 per cent in 2015-16 and 7.4 per cent in 2016-17, Parliament was informed on Tuesday.
In a written reply in the Rajya Sabha, minister of state for finance Shiv Pratap Shukla said that outstanding credit of SCBs to MSMEs in 2016-17, 2015-16 and 2014-15 stood at Rs 10,70,129.48 crore, Rs 9,96,424.94 crore and Rs 9,61,174.17 crore, respectively.
In a separate reply, the minister said that the State Bank of India has engaged TVS Credit Services Ltd as recovery agent.
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