
SBI: The Pioneer in MSME Finance
State Bank of India is the pioneer and market leader in financing MSMEs, serving more than 14 lakh MSME borrowers in the largest core banking platform Micro, Small and Medium Enterprises (MSMEs) are vital for India’s economic ascension. The contribution of MSMEs to GDP, employment creation and export has been significant necessitating a slew of measures being announced by policy-makers from time to time to develop MSME ecosystem for growth and viability of MSME units. State Bank of India (SBI) is the pioneer and market leader in financing MSMEs, serving more than 14 lakh MSME borrowers in the largest core banking platform. The MSME business had a loan portfolio of approximately `1,92,120 crore as on March 31, 2019. The bank’s