micro segments

Stress in MSME Micro-Borrower Segment Widens as Delinquencies Rise, Data Shows

Stress is emerging in the micro-borrower segment of India's MSME industry, particularly for loans below Rs 2 crore, with early-stage delinquencies at 2.7% in April 2026. This compares with 1.5% for small enterprises and 0.8% for medium enterprises. Hard delinquencies rose to 1.4% from 1.1% in March, suggesting defaults are hardening.