<h1>Economic Survey 2022-23: Cleaner Balance Sheets Boost Lending, Non-Food Credit Grows, and NPAs Hit Seven-Year Low.</h1> The Economic Survey 2022-2023 highlights the positive impact of cleaner balance sheets on the lending capacity of financial institutions, with double-digit growth in non-food credit offtake by Scheduled Commercial Banks since April 2022. The Gross Non-Performing Assets ratio of these banks reached a seven-year low, enhancing risk absorption capacity. Credit growth was broad-based, driven by demand for home loans, agricultural credit, and industrial credit supported by government schemes. Non-Banking Financial Companies (NBFCs) also showed improved asset quality and increased credit momentum. The Insolvency and Bankruptcy Code has facilitated significant recoveries, enhancing the ease of doing business.