(Photo: Mint)
(Photo: Mint)

Gross loans of microfinance industry grow 6% to 65,090 crore in Q3

  • Combined microcredit portfolio of all lenders as on 31 December, 2018, was 1,57,497 crore 
  • The report is based on data provided by 124 microfinance institutions

NEW DELHI : Total gross loan portfolio of the microfinance industry stands at 65,090 crore at the end of the third quarter, showing an increase of 6 per cent from the previous quarter and an annual growth of 37%, according to a report by Sa-Dhan.

The report is based on data provided by 124 microfinance institutions.

Combined microcredit portfolio of all lenders as on December 31, 2018, was 1,57,497 crore of which NBFC-MFIs are leading with 60,117 crore and 38.17% market share, followed by banks with 52,556 crore and 33.37 per cent market share.

It also said the combined microcredit disbursement of all players during the quarter was 50,942 crore. Of this, banks are leading with 19,618 crore and 38.51% share, followed by NBFC-MFIs with 19,426 crore and 38.13% share.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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