GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF FINANCIAL SERVICES

LOK SABHA

UNSTARRED QUESTION NO. 323

TO BE ANSWERED ON THE 3rd February 2017/ Magha 14, 1938 (SAKA)

Corporate and Personal Loan

 Will the Minister of FINANCE be pleased to state:

(a) whether the amount of corporate as well as personal loan is increasing continuously during the last three years;

(b) if so, the quantum of the above loans on March 2014, 2015 and 2016;

(c) whether as an average each citizen is spending one fifth part of his monthly salary on loan repayment; and

(d) if so, the details thereof?

ANSWER

The Minister of State in the Ministry of Finance

(SHRI SANTOSH KUMAR GANGWAR)

(a) & (b): Reserve Bank of India (RBI) has given data on Industry (Amount Outstanding) for March 2014, March 2015 and March 2016 and data on Retail Loans for March 2015 and March 2016 for Scheduled Commercial Banks (SCBs) as under:-

Industry: Amount Outstanding

31.03.2014 31.03.2015 31.03.2016

28,80,923 29,73,471 30,67,573

Retail Loans: Advances Outstanding (Funded)

31.03.2015 31.03.2016

12,37,135 13,77,457

(c) & (d): RBI has no such information in this regard.