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…
MUDRA Loan Limit Doubled to ₹20 Lakh: A Boost for Entrepreneurs The Government of India has announced a significant increase in the MUDRA (Micro Units Development and Refinance Agency) loan limit, doubling it from ₹10 lakh to ₹20 lakh. This decision aims to bolster the micro, small, and medium enterprises (MSME) sector, providing entrepreneurs with…
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