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 May 2023, 85 NBFC-MFIs are the largest provider of micro-credit with a loan amount outstanding of Rs 1,42,245 Cr, accounting for 40.6% to total industry portfolio. 13 Banks hold the second largest share of portfolio in micro-credit with total loan outstanding of Rs 1,13,806 Cr, which is 32.5% of total micro-credit universe. SFBs have a total loan amount outstanding of Rs 60,293 Cr with total share of 17.2%. NBFCs account for another 8.7% and Other MFIs account for 1.0% 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 May 2023, around 83.5 lakhs SHGs had an outstanding portfolio of Rs 2,00,451 Cr with them.
Considering SHG outreach, the overall size of the universe in terms of GLP as on 31 May 2023 is roughly Rs 5,50,773 Cr.
31 May 2023
|Types of Entity||No of Entities||Unique Borrowers (Cr)||Active Loan Accounts (Cr)||Portfolio O/s (Cr)|
|NBFC - MFIs||85||3.1||5.3||1,42,245|