GAINING MOMENTUM

were now increasingly integrating digital modes for disbursements and collections which will help them mitigate logistical issues related to cash handling to some extent.” She added that the rise in disbursals and reduction of PAR signifies better performance from the sector.

NBFC-MFIs received ~8,338 crore in debt funding from banks and other financial institutions in September 2017, 138 per cent higher than previous year quarter.

Total loan portfolio of overall microfinance industry stood at ~111,539 crore as of September 2017 . Banks held the highest share of 36 per cent with a loan outstanding of ~40,076 crore. This was followed by NBFCMFIs, with a loan amount outstanding of ~35,939 crore, accounting for 32 per cent of total industry portfolio. Small finance banks, NBFCs and non-profit MFIs account for25 per cent, 6 per cent and 1 per cent, respectively.

In terms of regional distribution of portfolio, South accounted for 29 per cent of the total industry portfolio, North 27 per cent, and East and West 22 per cent each.