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 2022, 83 NBFC-MFIs are the largest provider of micro-credit with a loan amount outstanding of Rs 1,23,386 Cr, accounting for 38.5% to total industry portfolio. 13 Banks hold the second largest share of portfolio in micro-credit with total loan outstanding of Rs 1,14,546 Cr, which is 35.7% of total micro-credit universe. SFBs have a total loan amount outstanding of Rs 52,192 Cr with total share of 16.3%. NBFCs account for another 8.5% and Other MFIs account for 1.0% of the universe.

Apart from MFIs, NABARD SHG Bank Linkage Programme (SBLP) also contributes significantly to the microfinance universe. As of February 2023, around 79.7 lakhs SHG’s had an outstanding portfolio of Rs 1,86,656 Cr with them.

Considering SHG outreach, the overall size of the universe in terms of GLP as on 31 December 2022 is roughly Rs 5,07,240 Cr.

31 December 2022

Types of Entity No of Entities Unique Borrowers (Cr) Active Loan Accounts (Cr) Portfolio O/s (Cr)
NBFC - MFIs 83 2.8 4.9 1,23,386
Banks 13 3.2 4.7 1,14,546
SFB 9 1.5 1.9 52,192
NBFC 68 0.8 0.9 27,112
Others 38 0.1 0.1 3,348
Total 211 6.4 12.6 3,20,584


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