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Micro finance sector sees 29% rise in loan disbursements in first quarter

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Microfinance industry has witnessed 29 per cent growth in loan disbursements during the first quarter of 2016-17, a report says.

The Microfinance Institutions Network’s (MFIN) report also said that the microfinance industry has experienced a growth of 89 per cent since first quarter of 2015-16. MFIN is the first Self-Regulatory Organisation (SRO) in the financial services sector recognized by the RBI and regulates NBFC-MFIs to ensure responsible lending and client protection.

For more on this story visit the following link: Micro finance sector sees 29% rise in loan disbursements in first quarter

Source: The Indian Express

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