The Asian Age

Mi­cro loans log 44% growth

- — PTI

Mumbai: The gross loan

port­fo­lio of the mi­cro­fi­nance sec­tor grew 44 per cent to 26,150 crore in the June quar­ter. The loan port­fo­lio stood at 27 per cent in the East, 33 per cent in the South and 20 per cent each in the West and North, acco

rd­ing to a re­port by Mi­cro­fi­nance In­sti­tu­tions Net­work, an in­dus­try as­so­ci­a­tion. Av­er­age loan amount dis­bursed per ac­count re­mained un­der

15,000. Client cov­er­age grew by 23 per cent with over 2.65 crore low in­come house­holds across 493 dis­tricts get­ting mi­cro- loans

from NBFC- MFIs.

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