According to data from the Reserve Bank of India (RBI) shared by Bhagwat Karad, minister of state for finance, in a written response to a question in the Rajya Sabha, credit extended by public sector banks (PSBs) to women-led MSMEs during the financial year 2021–22 has increased 45 percent from the pre–Covid level (FY20) and 14.2 percent from FY21. From Rs 5.76 lakh crore in FY20 to Rs 7.31 lakh crore in FY21 and then to Rs 8.36 lakh crore in FY22, the amount grew. Additionally, the amount of loans given to women-owned MSMEs increased by 5.5% from 2.89 crore in FY21 and by 22.6% from 2.49 crore in FY20 to 3.05 crore in FY22.
The overall credit expansion in the MSME sector includes an increase in lending to women-owned and -operated MSME businesses. The total amount of credit given to MSMEs increased by 12.7% from FY21 and by 24.6% from FY20 in FY22, demonstrating that small firms are becoming more credit-hungry and hastening their Covid recovery.
According to information from the Reserve Bank of India (RBI), which MSME Minister Narayan Rane provided in the Rajya Sabha in a written response to a question, the amount of credit outstanding to the MSME sector jumped from Rs 16.13 lakh crore granted to 384.18 lakh borrowers to Rs 17.83 lakh billion to 420.19 lakh borrowers in FY21 to Rs 20.11 lakh crore to 264.67 lakh borrowers in FY22.
As of December 12, 2022, in the current fiscal year, women MSMEs made up 20.31% of the businesses listed on the Udyam platform.
According to data presented by state minister for MSME Bhanu Pratap Singh Verma in the Rajya Sabha on Monday, 9.01 lakh of the 44.38 lakh MSMEs registered on the portal were owned by women. On the other side, 9.10 lakh of the 51.55 lakh MSMEs registered on the Udyam platform during FY22 were female MSMEs, making up 17.67% of the total.
In total, 23.01 lakh of the 1.24 crore Udyam units that have been registered since the portal's inception on July 1, 2020, have been led by women entrepreneurs, accounting for an 18.49% stake.a
Current Issue
.jpg "Women Leaders in Spotlight")
Most Viewed
- 1 Women's Health Startup HerMD Closing Doors Amid Industry Challenges
- 2 5 Famous Women in Indian Armed Forces
- 3 Saudi Women No longer Require Male Permission for Clothing Choices, says Prince MbS
- 4 Kolkata Medtech Startup Innovodigm Raises Rs 5.5 Crore Seed Funding Led by IAN Group
- 5 Yamunanagar's Kashish Kalra Honoured after Securing 111th Rank in UPSC Civil Services Exam
- 6 Madurai Appoints Its First Woman Corporation Head
- 7 IAS Vijayalakshmi Bidari Appointed as the new Nagpur Divisional Commissioner
- 8 American Entrepreneur Lucy Guo Overtakes T Swift to become Youngest Female Billionaire
- 9 ICC Women's World Cup 2025 Trophy Showcased at Indore's Holkar Stadium
- 10 Aparna Saxena's Beauty Venture AntiNorm Launches in India
- 11 Vidya Nataraj Co-Founded BlueStone Jewellery & Lifestyle files IPO
- 12 5 Women Freedom Fighters of India
- 13 Dr. G Krishnapriya appointed as CEO for Trichy
- 14 M3M & Sirona Partner to Introduce Menstrual Hygiene Vending Machines in 15 Locations
- 15 Punjab Govt launches SHE Cohort 3.0 Supporting Tech-led Women Startups
- 16 Indian origin Lawyer, Sweena Pannu appointed as the US New Superior Court Judge
- 17 The Aurora Tech Award recognizes 4 Indian Women-led Startups
- 18 Kerala's Republic Day parade featured an all-female tableau
- 19 Manisha Kabbur Becomes Karnataka's First Woman International Karate Coach
- 20 Director K. S. Ravikumar's Daughter Maalica Ravikumar Launches Life Coaching Company 'Evergrowth Academy' for Women
- 21 Leezu's Raises Pre-Seed Funding to Accelerate Growth in Sexual Wellness Industry
- 22 Sattu: Super-easy summer drink for PCOS gut healing
- 23 Swathi Nelabhatla creates Sitha App, India's First Women-Exclusive Gig Platform
- 24 7 Timeless Female Kathak Dancers & their Iconic Legacies
- 25 Meet 7 Iconic Women Architects of Modern India & their Most Impactful Work
- 26 This Woman-led Insuretech Startup is Helping Bridge the Education Financing Gap in India
- 27 Women Leaders Share Lessons Learnt from India Women's WC Win
- 28 5 Enterprising Women Founders Powering Singapore's Tech & Innovation Landscape
- 29 4 Women. 4 Stories. One Vision for Smarter, Stronger Healthcare
- 30 Global Gender Gap Narrows to 68.8%, But Full Equality 123 Years Away: WEF Report 2025
- 31 Changemakers: 7 Women Entrepreneurs Taking the Make in India Movement Forward
- 32 Meet Lucy Guo, The Youngest Self-Made Female Billionaire Disrupting Tech
- 33 How Women are Driving India's Festive Online Shopping Surge
