Jaipur. There is a change in the tendency of small businessmen to take loans in Rajasthan. In the last three years, the outstanding of individual entrepreneurs taking loans for business has increased at a compound annual growth rate of 20 percent, while the loans taken in the name of micro businesses have increased by 13 percent.
By June 2026, the state’s micro business credit market will reach Rs 2.01 lakh crore. This information has come out in the joint report of TransUnion CIBIL and National Small Industries Corporation (NSIC).
According to the report, by March 2026, there were about 31.2 lakh individual entrepreneurs in Rajasthan who never took loan as a formal business unit.
Of these, 65 percent had CIBIL score more than 730. This shows that many entrepreneurs with good personal credit profiles are likely to be linked to formal business loans.
In Rajasthan, the share of trade in the outstanding loans of micro businesses is 39 percent and that of manufacturing sector is 20 percent. Loans related to food processing in manufacturing grew at a compound annual growth rate of 17 percent in the last three years.
Loan against property (LAP) accounts for 35 per cent and commercial vehicle loans account for 20 per cent. The share of non-banking financial companies (NBFCs) in personal business loans is about 39 percent, in which commercial vehicle loans play a major role.
According to the report, by June 2026, commercial loans worth Rs 29.6 lakh crore were outstanding on micro business entrepreneurs across the country.
Of this, Rs 19.1 lakh crore was outstanding on individual business borrowers and Rs 10.5 lakh crore was outstanding on micro business units.
In the last three years, personal business loans have grown at a compound annual growth rate of 21 percent, while micro business loans have grown at a compounded annual growth rate of 12 percent.
About 3.9 crore individual business borrowers in the country had never taken a formal enterprise loan till March 2026.
Of these, 63 percent had CIBIL score more than 730 and 54 percent had experience of taking business loans for two years or more.
In Rajasthan, 47 percent of personal business loans were in the above prime category. At the same time, the rate of payment remaining outstanding for more than 90 days decreased by about 39 basis points to 1.4 percent in three years.
The overall payment default rate of micro business loans in the country reduced from around 3 percent in June 2023 to 1.9 percent in June 2026.
According to Ajaz Nazir, Chief Product Officer, TransUnion CIBIL, better access to working capital and formal enterprise loans for businesses can help them expand their businesses.
At the same time, NSIC Deputy General Manager Krishna Gopal Jaiswal said that it is necessary to connect entrepreneurs with good credit records in Rajasthan with formal business loans.
For this, schemes like raw material assistance, bank loan facility, bill discounting and market access can be useful.