3 days ago
Gujarat Banks Exceed MSME Credit Target by 22 Percent
Banks in Gujarat gave small and medium businesses Rs 3,79,535 crore in loans during 2025-26.
This was more than the planned target of Rs 3,10,917 crore.
The banks reached 122.07 percent of their goal.
More than 33 lakh MSMEs are registered in Gujarat.
A new computer-based system helps banks assess loan applications using digital records.
Businesses may use a phone or computer to apply without visiting a branch.
Some eligible businesses may get government-backed loans without offering property as security.
Gujarat also has an industrial policy intended to attract investment and support manufacturing.
The chief minister said banks should make loans easier to obtain, especially for underserved groups.
Banks in Gujarat disbursed Rs 3,79,535 crore to MSMEs during 2025-26, against a target of Rs 3,10,917 crore.
The lending reached 122.07 percent of the target, exceeding it by Rs 68,618 crore.
More than 33 lakh MSME units in Gujarat are registered on the Udyam portal.
Public sector banks introduced a digital Credit Assessment Model in 2025 using verified financial and tax data for loan appraisal.
Chief Minister Bhupendra Patel urged banks to expand timely credit access for MSMEs and underserved groups.
- Who
- Banks in Gujarat, MSMEs, the State Level Bankers’ Committee, Chief Minister Bhupendra Patel and public sector banks.
- What
- Banks disbursed Rs 3,79,535 crore in MSME credit, exceeding the annual target by Rs 68,618 crore.
- Where
- Gujarat, with the 190th State Level Bankers’ Committee meeting held in Gandhinagar.
- When
- During the 2025-26 financial year; the figures were released ahead of National Small Industry Day on August 30. The Credit Assessment Model was introduced in 2025.
- Why
- To expand formal credit access for MSMEs, entrepreneurs and underserved beneficiaries, while supporting investment, employment and industrial activity.
Key facts
- MSME credit disbursed
- Rs 3,79,535 crore during 2025-26
- Annual credit target
- Rs 3,10,917 crore
- Amount above target
- Rs 68,618 crore
- Target achieved
- 122.07 percent
- Registered MSMEs
- More than 33 lakh units on the Udyam portal
- Digital loan assessment
- The Credit Assessment Model uses KYC details, GST filings, bank statements, income tax returns and credit history
- Industrial policy investment goal
- The Viksit Gujarat Industrial Policy-2026 aims to attract around Rs 10 lakh crore over five years
Quotes
Official release
Source of the official statement describing Gujarat’s MSME credit performance
“Achieving 122.07 per cent of the credit target for MSMEs is not only a reflection of the strong support from the banking sector, but also of the growing access to finance and the strength of state’s entrepreneurial ecosystem.”
financialexpress.com
Bhupendra Patel
Chief Minister of Gujarat who presided over the State Level Bankers’ Committee meeting
“The banking sector has a key role to play as India moves towards becoming the world’s third-largest economy under Prime Minister Narendra Modi’s leadership.”
thehansindia.com
Sources
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