SIDBI, in association with Equifax, brought out the second edition of Microfinance Pulse – a quarterly newsletter on microfinance sector in India which revealed that out of the overall industry’s gross loan portfolio of `1,78,547 crore, 83% was contributed by top 10 states. The newsletter shows that there was a 36% growth in loan disbursement in FY19. The second edition of the newsletter provides an overview of the microfinance industry as of March 31, 2019.
Highest number of loans were disbursed in `20,000 – `30,000 ticket size category in FY19, followed by `30,000-`40,000 ticket size category while the `50,000-`60,000 category saw the highest increase of 67% from FY18 to FY19, shows the newsletter which aims to provide insights on trends in the Indian microfinance industry – from disbursements to delinquencies to top growing states and top loan categories
The report also states that West Bengal and Tamil Nadu contribute 34.7% of the portfolio among the top 10 states. Amongst the top states, West Bengal, Tamil Nadu, Bihar and Karnataka have portfolio of more than `15,000 crore each, indicating a highly concentrated market.
Shri Mohammad Mustafa, IAS, Chairman & Managing Director, SIDBI said, “The ease of access of such comprehensive information will facilitate better awareness and risk management in Microfinance sector and financial system. He appreciated the joint effort of SIDBI and Equifax team and envisaged that this report will be an important reference point for stakeholders.”
Shri K.M. Nanaiah, Managing Director, Equifax Credit Information Services Ltd. and Country Leader, Equifax India and Middle East and Africa said, “Microfinance is systemically important to Indian financial services industry. It is interesting to see penetration trends across states with top 10 states having 83% market share of outstanding portfolio. We are glad to partner with SIDBI for a report that looks into the future prospects in the Microfinance sector.”
Picture above shows from left to right-Mr.-Manoj-Mittal, Mr.-Mohammad Mustafa SIDBI and Mr.-K.M.-Nanaiah, Equifax at the launch of the first issue.
About SIDBI: Since its formation in 1990, SIDBI has been impacting the lives of citizens across various strata of the society through its integrated, innovative and inclusive approach. Be it traditional, domestic small entrepreneurs, bottom-of-the-pyramid entrepreneurs, to high-end knowledge-based entrepreneurs, SIDBI has directly or indirectly touched the lives of a large number of Micro and Small Enterprises through various credit and developmental measures. For more information, please visit: https://www.sidbi.in/ मीडडया
Source: SIDBI
