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India's largest MFI market
July 9 , 2023
496 days
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- Bihar has overtaken Tamil Nadu to become the state with the highest microlending borrowings in India as of March 2023.
- Bihar has the impressive growth with a 13.5 percent increase in the gross lending portfolio during the March quarter.
- As of March 2023, Bihar's microfinance (MFI) borrowings were amounted to Rs 48,900 crore.
- It was accounting for 14.5 percent of the overall portfolio.
- Meanwhile, Tamil Nadu's MFI borrowings stood at Rs 46,300 crore.
- It was representing 13.7 percent of the total outstanding.
- The average exposure per borrower in Bihar was Rs 27,200.
- It is slightly higher than Tamil Nadu's Rs 26,600.
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