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
Buy September 2023 Issue

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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content