Microfinance Industry Resilient During Covid With 18% Growth Year-On-Year, Says SIDBI-Equifax Quarterly Publication Microfinance Pulse

“Microfinance Plus”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax revealed growth of 18% in the Microfinance industry portfolio outstanding year on year. Portfolio outstanding in aspirational districts as on March 31, 2021 has grown 185% from December 2017. From the overall industry’s gross loan portfolio, 80% was contributed by top 10 states and West Bengal has the highest outstanding portfolio. This edition of Microfinance Pulse brings out a comprehensive state profile of the state of Karnataka. Also, the report highlights the impact of Covid-19…

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