Market share of lenders for microfinance India 2019-2023, by lender type

Published by Sandhya Keelery, Aug 30, 2024
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

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Release date

March 2024

Region

India

Survey time period

December 2020 to September 2023

Supplementary notes

Previous reports have been accessed for historical data.

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