N-E: LOWEST AMONG ALL REGIONS
The microfinance portfolio is skewed with the Eastern and Southern regions together accounting for close to 60% of the total amount of microfinance disbursed and number of active microfinance loans in 2021-22. Going by the striking ascent of microfinance in the Eastern region in recent years, it can be concluded that this region has emerged as another hub of microfinance. Despite its proximity to the Eastern region, the share of the NorthEast has been in single digits and the lowest among all regions; the region has, in fact, been seen losing its share in recent years.
Almost all districts from the eastern region were covered by microfinance from banks in 2020-21. Similarly, in the Southern region too, banks provided microfinance in about 84% of the districts. The coverage of women through SHGs linked to banks through credit was also the highest in the eastern and southern regions.
This story is from the January 2023 edition of Banking Frontiers.
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This story is from the January 2023 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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