Lok Sabha Question No. 4807 (UNSTARRED), answered on 2020-03-23
Subject: Per Capita Loan
Ministry: FINANCE
Asked by: Pashupati Nath Singh

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 4807

TO BE ANSWERED ON MARCH 23, 2020

## PER CAPITA LOAN

† 4807. SHRI PASHUPATI NATH SINGH:

Will the Minister of FINANCE be pleased to state:

- (a) whether the per capita loan is increasing in the country;
- (b) if so, the details thereof and the reaction of the Government thereto;
- (c) the details of per capita loan in India in the year 2011 and as on date; and
- (d) the reformative steps taken by the Government in this regard?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ANURAG SINGH THAKUR)

- (a),  (b)  &  (c):  Per  capita  bank  credit  (calculated  as  the  outstanding  bank  credit  as  a  ratio  of population) has increased from Rs 37802.1 in 2011-12 to Rs 73637.7 in 2018-19.

| Year    |   Bank Credit (in Rs crores) |   Population (in crores) |   Per capita Bank Credit (in Rs) |
|---------|------------------------------|--------------------------|----------------------------------|
| 2011-12 |                      4611852 |                    122   |                          37802.1 |
| 2012-13 |                      5260459 |                    123.5 |                          42594.8 |
| 2013-14 |                      5994096 |                    125.1 |                          47914.4 |
| 2014-15 |                      6536420 |                    126.7 |                          51589.7 |
| 2015-16 |                      7249615 |                    128.3 |                          56505.2 |
| 2016-17 |                      7841466 |                    129.9 |                          60365.4 |
| 2017-18 |                      8625425 |                    131.6 |                          65542.7 |
| 2018-19 |                      9771722 |                    132.7 |                          73637.7 |

Note:  Data on population from 2011-12 to 2017-18 is from National Accounts Statistics 2019 released by Ministry  of  Statistics  and  Programme  Implementation  (MoSPI)  and  the  population  figure  for  2018-19  is from the Press Note on Second Advance Estimates of National Income 2019-20 and Quarterly Estimates of Gross Domestic Product for the Third Quarter of 2019-20 released by MoSPI on 28 th February 2019. Source: Reserve Bank of India and MoSPI

- (d):  Various  measures  have been undertaken  recently to improved credit growth in the country, inter-alia ,  including  Partial  Credit  Guarantee  Scheme  for  purchase  of  high-rated  pooled  assets from financially sound Non-Banking Financial Corporations (NBFCs) / Housing Finance Corporations  by  Public  Sector  Banks;  one-time  restructuring  without  an  asset  classification downgrade to GST registered MSME accounts that were in default but standard as on January 1, 2020;  External  Benchmarking  of  new  Floating  Rate  Loans  by  banks  to  micro  and  small enterprises. Additional deduction of up to Rs 1.5 lakh for interest paid on loans borrowed up to 31st March, 2020 for purchase of house valued up to Rs 45 lakh has been allowed and measures have been taken to incentivize credit to specific productive sectors.