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Microfinance industry growth slows to 24.22% in third quarter

Updated : February 26, 2020 06:29 PM IST

As on December 31, 2019, the industry served 5.64 crore unique borrowers through 10.11 crore loan accounts.
Banks hold the largest share of portfolio in micro-credit with total loan outstanding of Rs 83,876 crore.
Non-banking financial company - microfinance institutions (NBFC-MFIs) are the second largest provider of micro-credit with a loan amount outstanding of Rs 66,159 crore.
Microfinance industry growth slows to 24.22% in third quarter

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