The total disbursement by all lenders in the microfinance sector fell sharply to ₹6,235 crore in the first quarter ended June, from ₹54,127 crore a year earlier, due to the impact of the pandemic, industry body Sa-Dhan said.
However, the gross loan portfolio (GLP) of all microlenders grew 19% to ₹2,24,595, driven mainly by disbursements of banks and SFBs. The GLP of all lenders as on March 31, 2020, was ₹2,30,165 crore.
“In spite of the unprecedented scenario due to the COVID-19 pandemic, the sector has seen a 19% year-on-year growth in portfolio. The sector is facing challenges in accessing funds from banks, especially the small MFIs. We expect the situation to improve in the coming months [given] initiatives of the RBI and government,” P. Satish, ED, Sa-Dhan, said.
You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in
Show Less Plan
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Faster pages
Move smoothly between articles as our pages load instantly.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Personalised recommendations
A select list of articles that match your interests and tastes.
Briefing
We brief you on the latest and most important developments, three times a day.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
