As per report released by microfinance institutions network (MFIN), Microfinance loan portfolio increased by 22 percent to Rs3.5 lakh crore during 2022-23.

Banking & Finance

As per report released by microfinance institutions network (MFIN), Microfinance loan portfolio increased by 22 percent to Rs3.5 lakh crore during 2022-23. Gross loan portfolio stood at Rs2.85 lakh crore as on March 31, 2022. Microfinance loan disbursals during FY 2022-23 improved by 23 percent to Rs2,96,423 crores compared to Rs2,39,433 crore in the previous financial year. About 7.17 crore loans were disbursed during FY 22-23 as against 6.30 crore in the previous year. Bihar is the largest state in terms of portfolio outstanding followed by Tamil Nadu and Uttar Pradesh.


      As per report released by microfinance institutions network (MFIN), Microfinance loan portfolio increased by 22 percent to Rs3.5 lakh crore during 2022-23.

      Gross loan portfolio stood at Rs2.85 lakh crore as on March 31, 2022.

      Bihar is the largest state in terms of portfolio outstanding followed by Tamil Nadu and Uttar Pradesh.

 

     


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