As of January 2022, the Reserve Bank of India (RBI) had registered 97 non-banking financial companies (NBFC) to run microfinance institutions (MFI). Chennai, New Delhi, and Mumbai had been the cities with the most NBFC-MFIs.
MFIs enable individuals or small businesses from poor strata of society to lend money. Besides this economic outlook, they also support societal upliftment and autonomy.
Number of microfinance non-banking financial companies (NBFC-MFI) in India as of January 2022, by city
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Reserve Bank of India. (July 27, 2022). Number of microfinance non-banking financial companies (NBFC-MFI) in India as of January 2022, by city [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1244619/india-number-of-microfinance-institutions-by-city/
Reserve Bank of India. "Number of microfinance non-banking financial companies (NBFC-MFI) in India as of January 2022, by city." Chart. July 27, 2022. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1244619/india-number-of-microfinance-institutions-by-city/
Reserve Bank of India. (2022). Number of microfinance non-banking financial companies (NBFC-MFI) in India as of January 2022, by city. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1244619/india-number-of-microfinance-institutions-by-city/
Reserve Bank of India. "Number of Microfinance Non-banking Financial Companies (Nbfc-mfi) in India as of January 2022, by City." Statista, Statista Inc., 27 Jul 2022, https://www.statista.com/statistics/1244619/india-number-of-microfinance-institutions-by-city/
Reserve Bank of India, Number of microfinance non-banking financial companies (NBFC-MFI) in India as of January 2022, by city Statista, https://www.statista.com/statistics/1244619/india-number-of-microfinance-institutions-by-city/ (last visited November 24, 2024)
Number of microfinance non-banking financial companies (NBFC-MFI) in India as of January 2022, by city [Graph], Reserve Bank of India, July 27, 2022. [Online]. Available: https://www.statista.com/statistics/1244619/india-number-of-microfinance-institutions-by-city/
