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High attrition, pricey loans key hurdles in MFI segment: Experts
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Sa-Dhan National Conference on Inclusive Growth to be held in New Delhi on 8th and 9th November
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Get latest articles and stories on Business at LatestLY. New Delhi [India], November 7: Sa-Dhan, an association of Microfinance and Impact Finance Institutions and a Self-Regulatory Organisation for Microfinance is organising their Annual National Conference on Inclusive Growth with the theme "Microfinance Marching to Amritkal with 25 years of Inclusive Impact Legacy" on November 8th and 9th 2023 in New Delhi. The two-day conference will see the release of Bharat Microfinance Report, the only one sectoral report on the microfinance industry in the country, published every year. This 18th annual conference would also provide insights that can shape the future work agenda and action plan for policymakers, regulators, practitioners, and academicians keeping a focus on various aspects to both widen and deepen the scale of financial inclusion in the country. Business News | Sa-Dhan National Conference on Inclusive Growth to Be Held in New Delhi on 8th and 9th November.
Microfinance Sector Witnesses 21% Portfolio Growth As Of June-End 2023
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Non-banking finance companies-microfinance institutions (NBFC-MFIs) in India have seen a 43% year-on-year growth, allowing them to increase their share of the microfinance market to 41.28%, up from 35% a year ago. The overall gross micro loan portfolio grew 21% to Rs 3.59 lakh crore ($47.8bn) by the end of June. Small finance banks and other non-banking finance companies also saw their micro loan portfolios rise 24% each.