The Growth of India’s Microfinance Sector (2100% in 12 Years) Introduction: India’s Booming Microfinance Sector Over the last 12 years, India’s microfinance sector has experienced remarkable growth, surging by an astonishing 2100%. This growth has been driven by increasing demand for small loans from individuals who are otherwise excluded from traditional banking services. The microfinance…
Muthoot Microfin and SBI Join Forces to Empower Rural Women Entrepreneurs In a significant move towards fostering financial inclusion and empowering rural women entrepreneurs, Muthoot Microfin, a leading microfinance institution, has collaborated with the State Bank of India (SBI). This partnership aims to provide financial assistance and support to women in rural areas, enabling them…
Svatantra Microfin’s Strategic Acquisition of Chaitanya India Fin Credit: Empowering Financial Inclusion Svatantra Microfin, a key player in the microfinance sector, recently made headlines with its strategic acquisition of Chaitanya India Fin Credit. This significant move holds immense promise for fostering financial inclusion, especially in rural areas where access to formal financial services remains limited….
Microfinance Landscape Shift: Standalone MFIs Take Lead with 40% Microlending Share Microfinance institutions (MFIs) have been a driving force in financial inclusion across India, providing much-needed support to the underserved and marginalized communities. In recent times, the microfinance landscape has witnessed a significant shift, with standalone MFIs emerging as leaders in the sector, now commanding…
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