April was a washout month as the severe lockdown began to show effect. May was also marked by very dull activity, while June and July showed an upward trajectory. The strength of recovery is gradually building up, bankers said.
The micro and small enterprise segment saw a small growth in outstanding loans. So was also the case with medium-sized units. The outstanding loan to SMEs stood at Rs 3,54,728 crore in July, as against Rs 3,52,696 crore in June. In May 2020 amount was Rs 3,52,949 crore. The medium size segment also saw traction with rise of Rs 6,324 crore in July 2020.
Credit growth to agriculture and allied activities increased by 5.4 per cent in July 2020 as compared with a growth of 6.8 per cent in July 2019.
Credit growth to industry slowed down to 0.8 per cent in July 2020 as compared with 6.1 per cent growth in July 2019.
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