Uttar Pradesh clocks highest MSME credit growth at Rs 570 billion

Uttar Pradesh has clocked highest growth in the Micro, Small and Medium Enterprises (MSME) credit with total outstanding of Rs 570 billion at the end of December 2017.

Between December 2016 and December 2017, UP registered MSME credit growth of 21%, which is double compared to the corresponding figures in highly industrialised states of Gujarat and Maharashtra having growth rates of 10.7% and 10% respectively. UP was followed by Andhra Pradesh 18.6%, Rajasthan 18.3% and Haryana 18%.

However, in value terms, the total MSME credit flow in Maharashtra during Dec 16-Dec 17 at Rs 1.23 trillion was more than double compared to