Telangana banks loan Rs 32,210 cr to MSME sector in FY22

Hyderabad, Mar 30 (KNN) Telangana being one of the top states to support MSMEs have disbursed Rs 32,210 crore to the MSME sector in FY21. 

Through this the banks have achieved 81.83 per cent of the targets.

Pulling off its 41.55 per cent of the annual targets banks have sanctioned Rs 2,865 crore under Pradhan Mantri Mudra Yojana.

While under ECLGS, banks have sanctioned Rs 8,299 crore and disbursed Rs 7,049 crore to MSME beneficiaries.

The banks performance report was presented by Amit Jhingran, Chief General Manager SBI and President, State Level Bankers' Committee (SLBC).

To review the performance of the banks for the quarter ended December 2021 estimated, SLBC, Telangana convened its 32nd quarterly meeting on Tuesday.

The priority sector received Rs 80,710 crore loans from the banks, achieving 55.91 per cent of annual targets. (KNN Bureau)