Microfinance sector sees 3x rise in disbursement value in Q1: Report

However, 1-179 days past due delinquency increased in June 2021 to 31.44%, from 13.59% in March 2021

The microfinance industry disbursed loans worth Rs 25,808 crore during the April-June quarter of the current financial year, registering a robust year-on-year growth of 300 per cent by value and 209 per cent by volume, said a quarterly report by Small Industries Development Bank of India (Sidbi) and Equifax India.

The outstanding portfolio of the Microfinance Industry was Rs 2,22,060 crore as of June 2021. However, 1-179 days past due delinquency increased in June 2021 to 31.44 per cent from 13.59 per cent in March 2021. West Bengal, Tamil Nadu, Bihar, Karnataka and Uttar Pradesh were the top 5 states as