Business Bureau :
THE gross loan portfolio of the microfinance sector grew by 6.4 per cent to Rs 2.27 lakh crore as of December 2020 as against Rs 2.13 lakh crore a year ago, according to a report. The average ticket size of microfinance loans stood at Rs 34,900 in the December quarter of the current fiscal, according to a quarterly report by credit information bureau CRIF High Mark. Disbursements continued to grow in Q3 FY2020-21, with the resumption of near normalcy in business operations across the country, it said.
“With a nearly 80 per cent increase over the previous quarter (Q2 FY2020-21), disbursements by value stood at Rs 56,090 crore (in Q3 FY 2020-21), which was 11.5 per cent lower than Q3 FY 2019-20,” the report said. In terms of volume, disbursements in the third quarter almost doubled, compared to the previous quarter standing at 175 lakh and only four per cent lower than the same quarter of the previous year, it added.
The share of regional distribution of disbursements remained the same as the previous quarter (Q2FY21), with the eastern region dominating with 35.5 per cent, followed by the southern region (23.4 per cent). Both rural and urban geographies witnessed 77 per cent growth in disbursements over the previous quarter, it noted.