West Bengal banks disburse Rs 2,812.48 cr to MSMEs in FY12

KOLKATA: The financial lenders in the state have disbursed Rs 2,812.48 crore to the micro small and medium enterprises (MSME) during the last financial year (2011-12), registering an annual growth of near 25 per cent in advances to MSMEs.

The State Level Bankers' Committee (SLBC) data released saw a maximum share of advances to small enterprises, which borrowed Rs 1,322.86 crore, followed by micro with Rs 1,101.08 crore.

Overall, public sector banks in the state lent Rs 1,207.59 crore, private sector banks lent with Rs 1,067.19 crore of advances. A contribution of Rs 5,37.70 crore has been made by five regional rural banks (RRB) towards MSME credit flow.

Public lenders State Bank of India and Punjab National Bank emerged as the leading PSBs and advanced Rs 1,85.54 crore and Rs 1,03.12 crore, respectively. Among private sector lenders, the outperformers are Axis Bank, and HDFC Bank disbursing Rs 6,46.28 crore and Rs 2,97.51 crore respectively.