As of September 2023, NBFC-micro financial institutions in India had a market share of 41 percent in the microfinance industry. Banks followed closely with 30 percent in market share. Market share of NBFCs has been increasing and share of banks have been decreasing since 2020.
Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type
Characteristic
Banks
Non banking financial companies-Micro financial institutions (NBFC-MFIs)
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SIDBI. (March 22, 2024). Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/
SIDBI. "Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type." Chart. March 22, 2024. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/
SIDBI. (2024). Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type. Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/
SIDBI. "Market Share of Credit Lenders for Microfinance Industry in India from December 2020 to September 2023, by Lender Type." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/
SIDBI, Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type Statista, https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/ (last visited December 24, 2024)
Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type [Graph], SIDBI, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/
