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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.
India microfinance market was valued at USD46.12 Billion in 2023 and is anticipated to grow with a CAGR of 7.20% through 2029.
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.
The Global Micro Lending Market size is expected to reach $65.4 billion by 2028, rising at a market growth of 12.8% CAGR during the forecast period. The process of giving small loans, or microloans, to proprietors of small businesses is known as micro lending.
The Micro Lending Market is segmented by End-User into Individuals, Small Businesses, Farmers, and Women. Among these segments, Small Businesses are expected to hold the largest market share in 2023, contributing to the Micro Lending Market revenue of around USD 100 billion.
Market Share: As indicated, NBFC-MFI have the largest market share with 38% and NBFC having the lowest share with 10%. Total Financial Outreach: The cumulative disbursement amount of ` 93,122 crores underscores
23 sty 2024 · By the end of fiscal year 2023 last March, India was estimated to have 75 million micro, small, and medium enterprises. The sector has been responsible for contributing approximately 30% to the...
