MSME credit flow grows 25%

Banks have logged growth of 24.6 per cent in credit flow to the MSME (micro, small & medium enterprises) sector in 2011-12. Total advances to the sector stood at Rs 2,812.5 crore in last year. The share of advances to small enterprises in the MSME segment was the highest at Rs 1,322.9 crore made available through 4,972 accounts. Credit to micro and small units stood at Rs 1,101.1 crore and Rs 388.5 crore respectively, according to latest data compiled by State Level Bankers' Committee.