Top 10 Microfinance Companies in India in 2024
Microfinance in India has been rapidly expanding as a viable financial service due to the emergence of Microfinance NBFCs, the growth of self-help groups business by Public Sector Banks and the implementation of the NRLM or National Rural Livelihood Mission. The banking industry has seen the emergence of Microfinance banks and companies and increased participation from major private sector banks. Despite facing external shocks, the industry has shown resilience and has become one of the fastest-growing and most profitable segments in lending. As a result, it has positively impacted the lives of numerous facilities served by the financial sector.