FinMin sets Rs 17.31 trillion MSME lending target for PSBs in FY26

The Finance Ministry has set a ₹17.31 trillion (INR 17.31 lakh crore) lending target for Public Sector Banks (PSBs) towards Micro, Small, and Medium Enterprises (MSMEs) for the financial year 2026. This ambitious target underscores the government's continued focus on boosting the MSME sector, recognizing its crucial role in economic growth and job creation. By setting a specific lending target, the government aims to ensure that PSBs prioritize lending to MSMEs, providing them with the necessary financial support to expand their operations, invest in technology, and contribute to the overall economic development of the country. This initiative is expected to enhance credit access for MSMEs.