43% of MSMEs will end this fiscal year with pre-pandemic margins: Report
Updated: 17 Nov 2022, 11:12 AM IST
TL;DR.The overall MSME sector is expected to bounce back to 1.27 times the pre-pandemic level in terms of revenue this fiscal. While their operating margin is expected to touch the pre-pandemic level this fiscal for 43 per cent of MSMEs by value.
SIDBI’s 59-minute loan approval scheme for micro, small, and medium enterprises (MSMEs), PSB Loans in 59 Minutes, has recorded only a 3.2 per cent jump in loan applications sanctioned as of November 1, 2022