Small biz credit exposure rises 16% to ₹46 trn

India's aggregate small business credit exposure rose 16.2 per cent year-on-year (Yo-Y) to ₹46 trillion as on September 30, from₹ 39.6 trillion a year earlier.

- AATHIRA VARIER

The growth rate has moderated from the previous quarter's 19.3 per cent Yo-Y, possibly reflecting more cautious underwriting and seasonal variations.

Comprehensive policy initiatives for the MSME sector, including implementation of several government credit schemes, have played a key role in sustaining strong credit growth. Sole proprietors continue to dominate the credit ecosystem, accounting for around 80 per cent of total credit and nearly 90 per cent of borrowers.