Indian microfinance sector is expected to register a more than 30 percent

The industry body Sa-Dhan reported that the Indian microfinance sector is expected to register a more than 30% year-on-year growth to Rs.90,000 crore in 2018-19. The total gross loan portfolio (GLP) for the sector stood at Rs.68,789 crore in 2017-18. 
The industry body report based on the data collected from 128 microfinance institutions, the GLP had already touched Rs.75,476 crore. However, this would rise to more than Rs.90,000 crore by the time the consolidated industry figures come out.
The average loan ticket size for the sector at Rs.34,010 against Rs.29,902 in 2018. The average of only NBFC-MFIs in 2019 is Rs.27,661. The combined microcredit disbursement of all microfinance companies during the January-March 2019 quarter was Rs.67,581 crore, led by banks with Rs.27,261 crore or 40.34% share, followed by NBFC-MFIs with Rs.25,544 crore, or 37.8% share, small finance banks with Rs.9,761 crore, NBFCs with Rs.4,196 crore and Not for Profit MFIs with about Rs.816 crore.
The report also stated that the top 7 States in terms of loan portfolio were Karnataka, Bihar, Uttar Pradesh, West Bengal, Odisha, Tamil Nadu, and Maharashtra.

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