Loans to micro, small, and medium enterprises (MSMEs) in Uttar Pradesh, which comes on top in the country in this segment, have jumped more than 20 per cent to ₹2.48 trillion. The state is home to more than nine million MSMEs.
According to the official data, credit given by commercial and other banks to MSMEs in FY23 stood at ₹1.68 trillion. The figure in FY24 was ₹2 trillion.
While commercial banks are predominant in the urban and semi-urban pockets, cooperative banks and microfinance institutions are providing 'last mile' credit access to rural micro entrepreneurs, especially women.

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