According to Harsh Shrivastava, CEO, MFIN, “In 2018-19, microfinance
in India showed rapid, regionally-balanced, and resilient growth. The industry showed its resilience by growing steadily in spite of liquidity squeeze that all NBFCs faced in Q3 and natural disasters like cyclones and drought.”
In Q4 of FY19, the microfinance industry witnessed a growth of 38 per cent over Q4FY18 with the total loan portfolio (GLP) at Rs 1,87,386 crore as on 31 March 2019, according to the 29th MFIN Micrometer.
Company-Microfinance Institutions (NBFC-MFIs) hold the largest share of portfolio in micro-credit with total loan outstanding of Rs 68,868 crore, which is 36.8 per cent of total micro-credit universe. Banks constituted about 32.6 per cent, Small Finance
Banks about 18.5 per cent, NBFCs’ account for 11 per cent and Non-profit MFIs account for 1.1 per cent of the total portfolio.
In terms of regional distribution of portfolio (GLP), East and North East accounts for 38 per cent of the total NBFC MFI portfolio, South 24 per cent, North 14 per cent, West 15 per cent and Central contributes 9 per cent.
“Apart from the growth in loan size and loan accounts, the growth of the staff of NBFC-MFIs was also heartening at 34 per cnet, now totaling to 1,04,973 people. Eastern India’s growth continues with much on account of Bihar and Odisha,” according to Srivastava.