Question
According to Reserve Bank data, the credit to medium
industries in June grew by _______ and micro and small industries by 13 per cent (29.2 per cent a year ago).Solution
According to Reserve Bank data, the credit to medium industries in June grew by 13.2 per cent (47.8 percent last year) and micro and small industries by 13 per cent (29.2 per cent a year ago). In absolute terms, the gross bank credit outstanding to medium industries at June-end was Rs 2,63,440 crore compared to Rs 2,32,776 crore in June last year. In the case of micro and small industries, the credit outstanding in June was Rs 6,25,625 crore against Rs 5,53,675 crore in the corresponding month of 2022.
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