New Delhi, Jan. 31 -- In a notable development, credit growth to micro, small, and medium enterprises (MSMEs) has outpaced that of large enterprises, according to the latest Economic Survey for 2024-25, presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Friday.

The report highlights that as of November 2024, bank credit to MSMEs grew by 13 per cent year-on-year (YoY), significantly outstripping the 6.1 per cent YoY growth seen by large enterprises.

This sharp uptick in credit to MSMEs signals a positive shift in the financial ecosystem, as the government continues to prioritise this crucial sector, which drives a significant portion of India's economic activity.

The increased credit flow is vital for MSMEs, enab...