India Microfinance Market Share, Size, Trends, Growth and Forecast
Government push for the growth of small and medium enterprises and lower-income groups driving the microfinance market in India According to TechSci Research report, “ India Microfinance Marke t By Type, By Bank Type, By Non-Banks, By End-Use, By Area, By Region, Competition, Forecast & Opportunities, 2025 ” , microfinance market in India is anticipated to grow at a brisk CAGR of more than 40% during 2021 – 2025, predominantly on account of increasing demand for microfinance loans from the country’s MSME sector. The main objective of microfinance organizations is to provide a chance for low-salary borrowers to become self-sufficient. This sector plays an important role in promoting inclusive growth by providing credit to borrowers who fall under the BPL category. This industry is also helping women, especially from rural areas, to avail of small loans at affordable rates. Browse 29 market data Figures spread through 70 Pages and an in-depth TOC on the ...