Banks should target ₹6.12 lakh cr MSME lending for FY 2025-26, ₹7 lakh cr for FY 2026-27: FM Sitharaman

Union Finance Minister, Nirmala Sitharaman yesterday said banks should target lending of 6.12 lakh crore rupees for FY-2025-2026 and 7 lakh crore rupees for FY 2026-2027 to MSMEs.

She was speaking while delivering the keynote address at the 11th SBI Banking & Economics Conclave in Mumbai yesterday. Its theme was ‘Making Aspiration



of Viksit Bharat a Reality’.

Ms Sitharaman said in 2013-14, India emerged as the 10th largest economy. After that, the economy grew rapidly and by 2021-22 it reached the 5th position. She expressed hope that in the next few years, India will be reaching the 3rd position.