Kolkata, 13 Dec (KNN) The credit lending for businesses in the MSME sector of West Bengal has seen an increase of 5.74 per cent in the first six months of the current fiscal.

When compared to the last fiscal year, there has been a visible growth in credit lending, as published in Millennium Post.

According to the state government's data, the credit lending to MSMEs in the first six months of the current fiscal till September was INR 46,000 crore across West Bengal and around INR 87,000 crore and INR 70,000 crore during 2020-21 and 2019-20 fiscal respectively. 

Different sectors of the MSME and the Textile industry, including food processing, shoe and leather goods manufacturing, wooden furniture, foundries, fisheries and animal resources reap the benefits of bank lending and it helps entrepreneurs to further grow their businesses.

State Bank of India, Punjab National Bank, SBI, UCO, Bank of India and many other private banks have come forward to lend credit to MSME entrepreneurs. 

Owing to the interventions taken by the state government, credit-lending is further expected to grow this time .

Several meetings were held by senior officers of the state MSME and Textile department with the State Level Bankers' Committee (SLBC) to ensure credit lending to entrepreneurs.

A senior state government officer said, the trend shows that credit lending would break all records in this fiscal and would cross the INR 1 lakh crore mark.

The state MSME and Textile department is also organising district wise 11 'Silpa Sahayata Synergy' ahead of the Bengal Global Business Summit (BGBS) that is scheduled to be held between 20-21 April, 2022. A single point assistance portal - https://silpasahayata.myenterprisewb.in/ — has also been introduced to assist the entrepreneurs from MSME and the Textile sector.