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 31 December 2024, NBFC-MFIs are the largest provider of micro-credit with a loan amount outstanding of Rs 1,50,282 Cr, accounting for 39.0% to total industry portfolio. Banks hold the second largest share of portfolio in micro-credit with total loan outstanding of Rs 1,26,437 Cr, which is 32.8% of total micro-credit universe. SFBs have a total loan amount outstanding of Rs 62,686 Cr with total share of 16.3%. NBFCs account for another 11.3% and Other MFIs account for 0.6% of the universe. The table below captures the key portfolio and outreach number of the five-broad category of microfinance lenders.

Apart from MFIs, National Rural Livelihood Mission (NRLM) also contributes significantly to the microfinance universe through its SHG Bank Linkage Programme (SBLP). As of December 2024, around 89.7 Lk SHGs had an outstanding portfolio of Rs 2,78,078 Cr with them https://nrlm.gov.in/dashboardForOuter.do?methodName=dashboard, which amounts to Rs 3,10,049 per SHG. Considering SHG outreach, the overall size of the universe in terms of GLP as on 31 December 2024 is Rs 6,63,426 Cr.

31 December 2024

Types of Entity No of Entities Unique Borrowers (Cr) Active Loan Accounts (Cr) Portfolio O/s (Cr)
NBFC - MFIs 92 3.8 5.5 1,50,282
Banks 15 3.3 4.8 1,26,437
SFB 10 1.9 2.2 62,686
NBFC 91 1.2 1.3 43,675
Others 0.1 0.1 2,269
Total 208 7.9 13.9 3,85,348

Microfinance

Sector Outreach

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Key Microfinance

Highlights

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Microfinance in

India

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