InvestorQ : What explains the growth of Microfinance sector in FY22?
Rashi Mehra made post

What explains the growth of Microfinance sector in FY22?

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Archita Jajjoo answered.
3 weeks ago
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The gross loan portfolio of the Indian microfinance sector has grown by 10% to Rs2.85 trillion for the period ended March 2022, with strong progress visible in the fourth quarter of the fiscal. However, despite this growth, the unique borrowers served by the microfinance segment in India fell marginally to 5.8 crore.

However, this was largely offset by loan accounts growing to 11.3 crore. In a sense, the RI efforts to harmonize the regulation of MFI sector ensured that there was better monitoring and regulation of the sector. The improved collection efficiency also made a big difference to the finances of these microfinance companies.

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