Highest Microlending Borrowings in India
- Bihar has overtaken Tamil Nadu to become the state with the highest microlending borrowings in India as of March 2023.
- As of March 2023, Bihar’s microfinance (MFI) borrowings amounted to Rs 48,900 crore, accounting for 14.5 percent of the overall portfolio.
- Meanwhile, Tamil Nadu’s MFI borrowings stood at Rs 46,300 crore, representing 13.7 percent of the total outstanding.
- This significant shift in rankings reflects Bihar’s rising prominence in the microfinance ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
State Watch
- 1 First Double-Decker Electric Bus Launched in Lucknow
- 2 Reservation for Women
- 3 Cottage and Rural Industries Policy, 2024-29
- 4 University of Wollongong (UOW) Campus
- 5 Government Abolishes Garbage Tax
- 6 Amaravati
- 7 Mission Arun Himveer
- 8 Host Khelo India Youth Games and Para Games
- 9 Tamil Nadu’s AI Mission: Centre of Excellence to Boost Startups and Academia
- 10 New Electric Vehicle (EV) Policy
