Microfinance Pulse

20th edition of MFI Pulse Report presents the snapshot of the data submitted for the period up to March 2024 and developments in the MicroFinance industry during the fiscal year 2023-24. Portfolio outstanding of MicroFinance industry as on 31st March 2024 is Rs 3,77,706 crore with 1,238 lakh active loans and 6.6 crore unique live borrowers. 

NBFC-MFIs contributes highest towards portfolio outstanding. In terms of portfolio outstanding, MicroFinance industry witnessed annual growth of 18% and NBFCs witnessed highest growth of 45% in March 2024 over March 2023 MicroFinance industry witnessed quarterly growth of 4% in March 2024 over December 2023 in terms of portfolio outstanding and 8% of growth in terms of disbursements by value. SFBs witnessed highest growth of 17% in terms of loan disbursal from OND’23 to JFM’24. 

Portfolio outstanding as on 31st March 2024 for Aspirational Districts is Rs 53,483 crore and it grew by 23% in March 2024 over March 2023. Loans worth Rs 54,292 crore were disbursed in Aspirational Districts from April 2023 to March 2024.