Aggregate MSME lending grew at 19.3% in the past five years: CIBIL report

The MSME segment, where NPAs had peaked in the previous few years, is starting to see a fall in NPA ratios

Aggregate micro small and medium enterprise (MSME) lending, for both entities and individuals, has grown at 19.3 per cent in the past five years, according to a report by Transunion CIBIL and Small Industries Development Bank of India (Sidbi).

Growth over five years

The total balance outstanding has increased from Rs 10.4 trillion in the quarter ended December 2013 to Rs 25.2 trillion in the quarter ended December 2018. This was a compound annual growth rate (CAGR) of 19.3 per cent, powered by a 15.7 per cent CAGR of lending to entities and 26.1 per cent of