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Total gross loan of microfinance industry grows 6% to Rs 65,090 crore in December quarter

As on December 31, 2018, combined microcredit portfolio of all lenders was Rs 1,57,497 crore, of which NBFC-MFIs are leading with Rs 60,117 crore and 38.17% market share, followed by banks with Rs 52,556 crore and 33.37% market share.

twitter-logo PTI   New Delhi     Last Updated: February 21, 2019  | 22:16 IST
Total gross loan of microfinance industry grows 6% to Rs 65,090 crore in December quarter
Total gross loan portfolio of the microfinance industry stands at Rs 65,090 crore at the end of December quarter

Total gross loan portfolio of the microfinance industry stands at Rs 65,090 crore at the end of the third quarter, showing an increase of 6 per cent from the previous quarter and an annual growth of 37 per cent, according to a report by Sa-Dhan.

The report is based on data provided by 124 microfinance institutions.

Combined microcredit portfolio of all lenders as on December 31, 2018, was Rs 1,57,497 crore of which NBFC-MFIs are leading with Rs 60,117 crore and 38.17 per cent market share, followed by banks with Rs 52,556 crore and 33.37 per cent market share.

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