Mumbai, Sep 11 (KNN) The growth in deployment of gross bank credit to the medium scale enterprises registered a negative growth 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 20.3 per cent in 2013 year-on-year basis.  But in case of medium enterprises, it was –1.1 per cent, according to recent RBI data on sectoral deployment of bank credit.  

Further, credit given to priority sector including agriculture and allied activities and micro and small enterprises (MSEs) was up 16.3 per cent. Credit given to industry was 15.9 per cent.

Under MSEs, growth in deployment of gross credit to manufacturing alone was 20.3 per cent, whereas credit given to service sector was 27.6 per cent.  

Moreover, service sector which includes, transport operators, computer software, tourism, hotels and restaurants, shipping, professional services and trade witnessed 13.3 per cent credit expansion by banks.

Under service sector, tourism which comprises hotels and restaurants business, the credit expansion was by 9.3 per cent.

The credit given to retail trade was among the highest at 29.4 per cent, while it is the lowest for state sponsored organisation at –7.3 per cent. 

Priority sector includes agriculture, small-scale industries, cottage sector, tiny sector, export sector and other small business (service) firms.

The gross bank credit stood at 14.6 per cent. (KNN/GUNJ)