The latest edition of the ‘SIDBI – TransUnion CIBIL MSME Pulse Report’ indicates that in FY 2021, loans worth ₹9.5 trillion were disbursed to MSMEs, against ₹6.8 trillion in the preceding year. Government interventions like Emergency Credit Line Guarantee Scheme (ECLGS) under the AtmaNirbhar Bharat program were major factor in driving this significant surge in credit disbursement to MSMEs, the report said. The total on-balance sheet commercial lending exposure in India stood at ₹74.36 trillion in March 2021, with yoy growth rate of 0.6%. The MSME segment’s credit exposure stood at ₹20.21 trillion as of March 2021, showing yoy growth rate of 6.6%. This credit growth is observed across all the sub-segments of MSME lending. The report also showed a significant surge in credit demand post the unlocking after the first and second waves of the pandemic.