MSME Pulse

The Need Of MSME PULSE

Highlights of MSME Pulse: Sept’2025

The MSME Pulse Editon for the quarter ending September provides a consolidated view of MSME lending activity, combining data from both commercial enterprises and individuals who have taken business-oriented loans in their personal capacity. Further, the credit exposure limit for the portfolio has been increased to ₹100 crores from ₹50 crores to take into account the revised classification for the sector.

• As of September 2025, the combined portfolio outstanding for commercial loans stood at ₹65.2 lakh crore, a 17% YoY growth.
• Improvement in the overall balance-level serious delinquencies (measured as 90 to 720 DPD and classified as ‘sub-standard’), which is at its lowest levels in the last 5 years at 1.92% as of September 2025 (improving by 17 BPS YoY)
• Demand for loans grew by 5% in the Apr-Sept ‘25 period compared to the same period the previous year.
• Credit supply (by value) grew modestly by 4% in the Apr-Sept ‘25 period compared to the same period the previous year.
• Maharashtra, Gujarat, Tamil Nadu, Uttar Pradesh and Delhi are the top 5 states contributing to 49% of the originations by value, reported in the commercial bureau.