Non-performing belongings within the micro, small and medium enterprises grew within the March quarter to 12.6 per cent towards 12 per cent on the finish of the previous December quarter, a report stated on Wednesday.
The rise in stress was noticed throughout the micro, small and medium enterprises segments individually as properly, the report by credit score info agency Transunion Cibil and state-owned Sidbi, stated, indicating that the outcomes are combined when in comparison with the year-ago interval.
It may be famous that the Supreme Court docket got here out with a judgement that gave lenders readability on asset classification that resulted in a bounce in stress for some lenders.
The report stated credit score demand from the MSME section surged, courtesy of the interventions like Emergency Credit score Line Assure Scheme (ECLGS), specifying that loans price Rs 9.5 lakh crore have been disbursed to MSMEs through the pandemic-hit FY21 as towards Rs 6.8 lakh crore in FY20.
The bounce in credit score led to stability within the general NPAs stage when in comparison with the year-ago interval’s 12.5 per cent, the report stated.