Indian Micro Finance sector grows by over 2,100% in 12 yrs

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Indian Micro Finance sector grows by over 2,100% in 12 yrs

//business-finance.news-articles.net/content/202 .. inance-sector-grows-by-over-2-100-in-12-yrs.html

Published in Business and Finance on Thursday, April 24th 2025 at 17:00 GMT by ThePrint
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

New Delhi [India], January 9 (ANI): The business of Micro Finance Institutions (MFIs) industry has risen from Rs 17,264 crores in March'12 to Rs. 3.93 lakh crore as of November'24, M Nagaraju, Secretary, DFS, Ministry of Finance was apprised by the industry representatives during a meeting in New Delhi. Show Full Article As per the [â€¦]

The Indian micro-finance sector has experienced significant growth, expanding over 2100% in the last 12 years, as reported by the Microfinance Institutions Network (MFIN). From March 2012 to March 2024, the sector's gross loan portfolio increased from Rs 22,443 crore to Rs 4,33,697 crore. This growth is attributed to the sector's resilience and adaptability, particularly in response to challenges like the Andhra Pradesh crisis and the Covid-19 pandemic. The number of lenders has also risen from 76 to 244, and the client base has grown from 2.7 crore to 7.6 crore. The sector's success is further highlighted by its ability to maintain a low portfolio at risk, demonstrating effective risk management and operational efficiency.

Read the Full ThePrint Article at:
[ https://theprint.in/economy/indian-micro-finance-sector-grows-by-over-2100-in-12-yrs/2437592/ ]

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Indian Micro Finance sector grows by over 2,100% in 12 yrs