Business Wire IndiaThe eighth edition of “Microfinance Plus”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax revealed growth in the portfolio outstanding by 16% year on year, indicating the resilience of the Indian Microfinance industry. From the overall industry’s gross loan portfolio, 55% was contributed by 5 states with West Bengal having the highest outstanding portfolio.
On the launch, Shri KM Nanaiah, Managing Director, Equifax Credit Information services Ltd. and Country Leader, Equifax India and MEA said, “The eighth edition of Microfinance Pulse report in collaboration with SIDBI provides cutting edge analysis to address key questions of practitioners and policymakers. In a tough year, the Microfinance industry stood its ground, by growing the portfolio by 16% YoY. Banks led this growth story with the highest growth across lenders."
Microfinance Pulse aims to provide insights on trends in the Indian Microfinance industry – from disbursements to delinquencies to top growing states and top loan categories. The report is being published in 12 vernacular languages in addition to English.