Question
By how much did loans to Micro, Small, and Medium
Enterprises (MSMEs) grow in the current fiscal year according to RBI data?Solution
According to recent RBI data, loans to MSMEs have shown a slower growth in the current fiscal year, with advances to micro and small enterprises registering a year-on-year growth of 13.3% and medium enterprises at 17.2%, compared to a much higher growth rate in the previous fiscal year; indicating a slowdown in MSME loan growth in FY23-24 compared to the previous year.
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