New Delhi, Nov 26 (KNN) There has been an investment of Rs 44,000 crore till now in the current fiscal (2018-19) in MSME sector in Bengal, said Dr Amit Mitra, Finance and Commerce & Industries Minister of West Bengal.

Bengal government has brought massive developments in Bengal and micro, small and medium enterprises (MSME) is one of the brightest spots among the sectors.

He said this while speaking at the stall put up by the Bengal government’s Micro, Small & Medium Enterprises and Textiles (MSME&T) Department at the India International Trade Fair (IITF) in New Delhi.

Last year, at the meeting, it was decided that the banks would extend loans worth 38,000 crore during the current fiscal, but the loans have already touched Rs 44,000 crore.

All the states have undergone huge losses, due to demonetization and the flawed implementation of GST.

The hurried implementation of the GST has led to a collective loss of 78,929 crore.

The minister said that the State’s GSDP for the 2017-18 fiscal was 9.1 per cent, compared to 7 per cent for India.

In fact, the performance has extended to the MSME and Textile department’s stall at the IITF which has managed to make sales worth Rs 40 lakh in the first six days when the fair has been open to the general public.

It ends on November 27.