Industry Portfolio and Outreach

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 30 September 2023, NBFC-MFIs are the largest provider of micro-credit with a loan amount outstanding of Rs 1,47,829 Cr, accounting for 39.3% to total industry portfolio. Banks hold the second largest share of portfolio in micro-credit with total loan outstanding of Rs 1,18,846 Cr, which is 31.6% of total micro-credit universe. SFBs have a total loan amount outstanding of Rs 73,118 Cr with total share of 19.4%. NBFCs account for another 9.1% and Other MFIs account for 0.5% of the universe.

Apart from MFIs, National Rural Livelihood Mission (NRLM) also contributes significantly to the microfinance universe through its SHG Bank Linkage Programme (SBLP). As of Sep 2023, around 83.7 lakhs SHGs had an outstanding portfolio of Rs 2,08,304 Cr with them.

Considering SHG outreach, the overall size of the universe in terms of GLP as on 30 Sep 2023 is roughly Rs 5,84,414 Cr.

30 September 2023

Types of Entity No of Entities Unique Borrowers (Cr) Active Loan Accounts (Cr) Portfolio O/s (Cr)
NBFC - MFIs 91 3.6 5.5 1,47,829
Banks 13 3.2 4.9 1,18,846
SFB 9 1.9 2.2 73,118
NBFC 74 1.1 1.2 34,369
Others 37 0.1 0.1 1,948
Total 224 7.1 13.9 3,76,110

Microfinance

Sector Outreach

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Key Microfinance

Highlights

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Microfinance in

India

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For any Help/Enquiry:

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