Economy

‘MFI gross loan portfolio grew 6.4% as of Dec.’

The gross loan portfolio of the microfinance sector grew by 6.4% to ₹2.27 lakh crore as of December 2020 as against ₹2.13 lakh crore a year earlier, according to a report.

The average ticket size of microfinance loans stood at ₹34,900 in the December quarter of the current fiscal, according to a report by credit information bureau CRIF High Mark.

“With a nearly 80% increase over the previous quarter [Q2 FY2020-21], disbursements by value stood at ₹56,090 crore [in Q3 FY 2020-21], which was 11.5% lower than Q3 FY2019-20,” the quarterly report said.

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Printable version | May 6, 2021 6:55:54 PM | https://www.thehindu.com/business/Economy/mfi-gross-loan-portfolio-grew-64-as-of-dec/article34048449.ece

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