Maharashtra bags 25% of total industrial credit in FY25: RBI report

Reserve Bank of India

Maharashtra has emerged as the biggest beneficiary of industrial bank lending in FY25, cornering a hefty 25 percent of the country’s total credit to the sector.

The state’s dominant share underscores its position as India’s leading industrial hub, driven by strong manufacturing activity, robust infrastructure, and sustained investment momentum.

The data highlights how Maharashtra continues to attract major corporate borrowers and large-scale projects.

Of the total bank credit of Rs 42.86 lakh crore, Maharashtra bags Rs 10.86 lakh crore in FY25. This is followed by Delhi with credit of Rs 7.07 lakh crore, Tamil Nadu with Rs 3.1 lakh crore of credit, and Karnataka with Rs 2.55 lakh crore, according to the Reserve Bank of India’s (RBI) Handbook of Statistics on Indian States 2024-25.

Government’s pre-Budget Economic Survey of 2025 showed that the Maharashtra’s economy is expected to grow at 7.3 per cent as per the advance estimates of 2024-25.

The projected growth is more than that of the country's economy which is expected to expand by 6.5 per cent in the current fiscal, as per the survey report.

On March 7, 2025, Maharashtra Chief minister Devendra Fadnavis expressed confidence that his government will turn Maharashtra into a $1 trillion economy by 2030, noting that it was the only state to surpass the half-a-trillion dollar economy milestone in India.

Fadnavis, in an interview to Moneycontrol's Managing Editor Nalin Mehta at the Global Wealth Summit 2025 in Mumbai, said that the BJP government mooted the idea of $1 trillion economy back in 2016-17.

"Maharashtra has the power to attract investments, we are trying to leverage that," Fadnavis said at the event.

Fadnavis underpinned Maharashtra’s dominance in attracting capital and its growing role as a fintech and startup hub.