Pune: Maharashtra continues to lead the country in MSME sector loans, as per the latest data released by TransUnion CIBIL in conjunction with MSME Day 2025.
The state’s MSME ecosystem shows robust loan uptake combined with disciplined repayment behavior, cementing its position as India’s top MSME credit market.
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As of March 2025, Maharashtra accounted for:
- 18.9% of the loan portfolio in the ₹10–₹50 crore exposure segment, with a low delinquency rate of 1.4%, in line with the national average of 1.5%.
- 15% share in the ₹1–₹10 crore borrower segment, with a slightly elevated but manageable delinquency rate of 1.8%.
- 12.2% of total loan balances in the sub-₹1 crore borrower segment, with the portfolio growing at 11% CAGR over five years. The delinquency rate here stood at 3.4%, compared to the national average of 3.1%.
The manufacturing sector continues to be the key growth engine, contributing 35% of MSME loan originations by value in Q4 FY25.
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Additionally, 22% of these originations were long-term loans, indicating rising investments in capacity expansion across the industrial ecosystem.
Experts note that Maharashtra’s ability to scale credit access while largely maintaining healthy repayment patterns has been instrumental in driving national MSME lending benchmarks.
As India targets stronger inclusive growth through MSME empowerment, Maharashtra’s model of balance-sheet discipline and scale provides a template for others to follow.
