Mumbai: HDFC Bank in a statement said its MSME loan book in Gujarat has crossed the milestone of Rs. 28,000 crore.  The bank in its statement further said,  as of September 30, 2021, the bank’s Micro, Small, and Medium Enterprises book for Gujarat stands at Rs. 28,432 crore. The Bank’s MSME book in Gujarat has grown 31.51% in September 30, 2021 quarter Vis-à-vis September 30, 2020 quarter.

HDFC Bank started offering advances to MSMEs in Gujarat in the year 2003. In the last 18 years in the state, the Bank has offered advances and supported growth plans of over 1.34 lakh enterprises in more than 146 cities and towns covering all 33 districts in the state of Gujarat.

Under Government of India’s ECLGS scheme, HDFC Bank has disbursed advances to over 12,250 units. The advances offered under ECLGS scheme in Gujarat stand at Rs 1,921 crore.

The Bank has a strong suite of products and services. Some of them are:

Cash Credit and Working Capital Loan	Term Loan
Overdraft Against Property	Export Finance
Bank Guarantees / Letter of Credit	Purchase Order Financing / Bill Discounting / Invoice Financing
Treasury Products and Services	Cash Management Services
Private Banking / Wealth Management Services	Corporate Cards and Digital Payment services
Investment Banking offerings for MSMEs	Retail Assets Products – Auto Loans / Loan Against Property/Consumer Loans etc to promoters and promoter group

Majority of these products as well as services can be availed digitally, using the bank’s real-time online solutions – TradeOnNet; Net banking; and SME Bank. In the MSME business, digital transactions comprise over 74 per cent of the total transactions.

The key sectors to which the Bank has given advances to include:

Textile	Agri Industry & food processing
Metal	Machinery/Equipments/Industial/Electrical Goods
Ceramic	Auto Ancillary
Pharma	Chemical
Paper / Packaging	Consumer Durables / Electronics / White Goods/Footwear
Healthcare and Education	Building Materials – Ceramics / Timber / Laminate / Wood and Products