India Microfinance Market Report 2020: Small Finance Companies Represented the Highest Market Share in FY2020

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DUBLIN, February 15, 2021 / PRNewswire / – The “Microfinance market in India, by type (bank, non-bank), by type of bank (small finance companies, commercial banks, regional rural banks and cooperative banks), by non-banks, by end use, by area, by region, Competition, forecasts and opportunities, 2025 “ report was added to ResearchAndMarkets.com offer.

The Indian microfinance market is expected to grow at a rapid CAGR of over 40% through 2025, mainly due to the increasing demand for microfinance loans from the MSME sector.

The main objective of microfinance organizations is to give low-income borrowers a chance to become self-reliant. This sector plays an important role in promoting inclusive growth by providing credit to borrowers who fall under the BPL (Below Poverty Line) category. This industry also helps rural women access small loans at affordable rates to earn a living.

On the basis of types, the Indian microfinance market is segmented into banking and non-banking. In India, the bank are the preferred sources for microfinance. Banks dominated the market in 2020 and the trend is also expected to continue in the years to come. This is because banks offer attractive interest rates compared to non-bank institutions. By segmentation by bank type, the market is categorized into small financial corporations, commercial banks, regional rural banks, and cooperative banks.

Small financial companies accounted for the highest market share in FY2020, followed by commercial banks and rural banks in Reginal. By region, the Indian microfinance market is segmented into north, south, west and east. In fiscal year 2020, the South region accounted for more than a third of the market share, followed by the West, North and East regions.

The major players operating in the Indian microfinance market are Jana Small Finance Bank Limited, Belstar Investment and Finance Private Limited, Ujjivan Small Finance Bank Limited, Satin Creditcare Network Limited, Annapurna Microfinance Pvt. Ltd, BSS Microfinance Pvt. Ltd, Fusion Microfinance, Future Financial Services Private Limited, Asirvad Microfinance Pvt. Ltd, Mudra Microfinance and others.

Actors operating in the Indian microfinance market offer flexibility in terms of interest rates, service charges and fees as well as loan term in order to attract more and more clients.

Years considered for this report:

  • Historical years: 2015-2019
  • Baseline year: 2020
  • Estimated year: 2021
  • Forecast period: 2022-2025

Main topics covered:

1. Product overview

2. Research methodology

3. Executive summary

4. Voice of the customer

5. Outlook for the microfinance market in India
5.1. Market size and forecast
5.1.1. By value
5.2. Market share and forecasts
5.2.1. By type of institution (banking, non-banking)
5.2.2. By area (urban, rural)
5.2.3. By urban area, by end use (agriculture and related activities, services, trade and business, education, production / manufacturing and others)
5.2.4. By rural area, by end use (agriculture and related activities, services, trade and business, education, production / manufacturing and others)
5.2.5. By end use (agriculture and related activities, services, trade and business, education, production / manufacturing and others)
5.2.6. By type of bank (small finance companies, commercial banks, regional rural banks and cooperative banks)
5.2.7. By type of bank, by end use (agriculture and related activities, services, trade and business, education, production / manufacturing and others)
5.2.8. By non-bank type (NBFC-IMF, NBFC and non-profit MFI)
5.2.9. By non-bank type, by end use (agriculture and related activities, services, trade and business, education, production / manufacturing and others)
5.2.10. By type of institution, by end use (agriculture and related activities, services, trade and business, education, production / manufacturing and others)
5.2.11. By region (North, South, East, West)
5.2.12. By company (2020)
5.3. Market attractiveness index

6. Indian Banks Microfinance Market Outlook
6.1. Market size and forecast
6.1.1. By value
6.2. Market share and forecasts
6.2.1. By type of bank
6.2.2. By end use

7. Outlook for the non-bank microfinance market in India
7.1. Market size and forecast
7.1.1. By value
7.2. Market share and forecasts
7.2.1. By non-bank type
7.2.2. By end use

8. Prospects for the microfinance market in urban India
8.1. Market size and forecast
8.1.1. By value
8.2. Market share and forecasts
8.2.1. By end use

9. Prospects for the microfinance market in rural India
9.1. Market size and forecast
9.1.1. By value
9.2. Market share and forecasts
9.2.1. By end use

10. Market dynamics
10.1. Conductors
10.2. Challenges

11. Market trends and developments

12. Policy and regulatory landscape (including government interventions, initiatives and other regulatory aspects)

13. Economic profile of India

14. Competitive landscape
14.1. Company Profile
14.1.1. Company details
14.1.2. Service charges and fees
14.1.3. Documents required for the loan
14.1.4. Loan terms and conditions
14.2. Jana Small Finance Bank Limited
14.3. Belstar Investment and Finance Private Limited
14.4. Ujjivan Small Finance Bank Limited
14.5. Satin Creditcare Network Limited
14.6. Annapurna Microfinance Pvt. Ltd.
14.7. BSS Microfinance Pvt. Ltd.
14.8. Fusion Microfinance
14.9. Future Financial Services Private Limited
14.10. Asirvad Microfinance Pvt. Ltd.
14.11. Mudra Microfinance

15. Strategic recommendations

For more information on this report, visit https://www.researchandmarkets.com/r/pwidpo

Media contact:

Research and markets
Laura Wood, senior
[email protected]

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