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 ....
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