The various categories of financial institutions engaged in the microfinance space in India include NBFC-MFIs, Banks, Small Finance Banks (SFBs), NBFCs and Others (including Non-profit MFIs).
As on 31 March 2021, 13 Banks hold the largest share of portfolio in micro-credit with total loan outstanding of Rs 1,13,271 Cr, which is 43.67% of total micro-credit universe. NBFC-MFIs are second largest provider of micro-credit with a loan amount outstanding of Rs 80,549 Cr, accounting for 31.05% to total industry portfolio. SFBs have a total loan amount outstanding of Rs 41,170 Cr with total share of 15.87. NBFCs account for another 8.36% and Other MFIs account for 1.05% of the universe.
Apart from MFI’s, NABARD SHG Bank Linkage Programme (SBLP) also contributes significantly to the microfinance universe. As on 30 September 2020, around 61.9 lakhs SHG’s had an outstanding portfolio of Rs 108,578 Cr with them.
Considering SBLP’s outreach and CAGR of around 15.3% since Mar’16, the overall size of the universe in terms of GLP as on 31 March 2021 is roughly Rs 3,84,615 Cr.
31 March 2021
|Types of Entity||No of Entities||Unique Borrowers (Cr)||Active Loan Accounts (Cr)||Portfolio O/s (Cr)|
|NBFC - MFIs||85||2.59||3.69||80,549|