Mumbai, Jun 13 (KNN) The growth in deployment of gross bank credit to the medium scale enterprises was among the lowest in 2013 while for micro and small units, it was among the highest, according to Reserve Bank of India (RBI) data. 
 
The micro and small units registered a growth in deployment of gross bank credit by 22.9 per cent in 2013 year-on-year basis. But in case of medium enterprises, it was only 0.9 per cent, RBI data on sectoral deployment of bank credit said.

The credit numbers show a dismal state of affairs in the medium scale companies while micro and small units have somehow managed to grapple with the situation arising out of the industrial slowdown.  

Further, credit given to priority sector including agriculture and allied activities and micro and small enterprises (MSEs) was up 13.2 per cent.

Under MSEs, growth in deployment of gross credit to manufacturing alone was 22.9 per cent, whereas credit given to the service sector was 13.2 per cent.

Moreover, service sector which includes, transport operators, computer software, tourism, hotels and restaurants, shipping, professional services and trade witnessed 11.6 per cent credit expansion by banks.

Under service sector, tourism which comprises hotels and restaurants business, the credit expansion was up by 8.7 per cent.

The credit given to retail trade saw the highest growth at  25.7 per cent, while it is the lowest for state sponsored organisation at –14.2 per cent.
 
Priority sector includes agriculture, small-scale industries, cottage sector, tiny sector, export sector and other small business (service) firms.  (KNN)