Indian Microfinance industry's loan book grows 10% to Rs 2.85 trn in FY22

NBFCs increase market share while that of banks dips

The gross loan portfolio (GLP) of the microfinance sector in India rose by 10 per cent to Rs 2.85 trillion as on March 31, 2022 from Rs 2.59 trillion a year ago. Sequentially, the GLP rose by a litte more than 11 per cent, from Rs 2.56 trillion on December 31, 2021, according to data by Microfinance Institutions Network (MFIN).

Alok Misra, Chief Executive & Director, MFIN said, the microfinance industry has shown good progress during Q4FY22, building on the momentum created in the third quarter ended December 2021.

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