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Future Outlook: The Indian Micro Lending Market is projected to grow at a CAGR of 11% from 2022 to 2028 driven by variables like the unbanked population, the increasing population of microenterprises, government support for microfinance, and digital technology & mobile penetration.
According to the article published by Business Standard in 2022, the microfinance industry in India grew over 16 times in the last decade with a loan portfolio of USD34.78 billion as per the study done by Microfinance Institutions Network.
India Microfinance Market Size, Share, Analysis and Forecast Report, 2018-2028, By Type (Bank, Non-Bank), By Bank Type (Small Finance Companies, Commercial Banks, Regional Rural Banks, and Cooperative Banks), By Non-Bank Type, By Area (Urban, Rural), By End-Use.
18 cze 2024 · NBFC-MFIs have emerged as the top micro-credit provider in India, surpassing scheduled banks in their contribution. The registered microfinance company plays an important role in offering small loans to low-income groups and driving financial inclusions. The report highlights their significant market share and growing influence in microfinance ...
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Reserve Bank of India (RBI) study points out that an increase in capex by the central and state governments by one rupee each induces an increase in output by Rs 3.25 and Rs 2.0, respectively (Source: RBI Bulletin – April 2019).
20 wrz 2023 · The impact of Bandhan Bank microloans in India has been significant: Increased access to capital for small businesses and entrepreneurs, particularly in rural areas. Boosted entrepreneurship and the establishment of new ventures, driving economic growth.
