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India Microfinance Review FY 2022-23
November 23 , 2023
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- The report is the third edition of Micro Matters: Macro View, a report conceived in 2021 to provide a holistic view of the sector.
- India could hold its ground and grow by 7% in 2022-23.
- The share of micro under MSME credit by Scheduled commercial banks has risen to 17.9% by March 2023.
- Insurance penetration is now 4.2% of GDP and bank account ownership is now ubiquitous with no gender gap.
- Microfinance sector (NBFC-MFIs, Banks, SFBs and NBFC) added 87 lakh new women clients during 22-23.
- Its credit outstanding reaching 3.48 lakh crore across 729 districts to 6.64 crore low-income women clients.
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