New Delhi, Oct 15 (KNN)  Reflecting the economic slowdown, the credit deployment by banks into micro and small units for the current financial year has grown by a mere 2.8 per cent.

The credit growth to the sector in the previous fiscal was 20 per cent. 

With the current trend, credit growth to this sector is unlikely to catch up by year end and reach the level of the previous year.

But in the case of medium enterprises, things are slightly better.  So far, credit deployment to this category has grown by eight per cent, when according to RBI data, it was 2.3 per cent in the previous year.

Large enterprises on the other hand, too have shown a dismal growth of 4.5 per cent so far, when the growth for the whole year was 18.2 per cent in 2012-13.

Across all three categories, the micro and small units seem to be reverse performing.

As far as other sectors of the industry are concerned, trade and wholesale trade too have performed poorly.  While growth in credit to trade was a mere 3.1 per cent so far as against the year on year figure 23.5 per cent in 2012-13; wholesale trade stands at (-) 0.5 per cent so far compared to 16.2 per cent in the last fiscal.  (KNN/ES)