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.
