India Microfinance Market, Competition, Forecast & Opportunities, 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "India Microfinance Market, by Type (Bank, Non-Banks), by Bank Type (Small Finance Companies, Commercial Banks, Regional Rural Banks, and Cooperative Banks), by Non-Banks, by End-Use, by Area, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.

The Indian Microfinance Market is anticipated to grow at a brisk CAGR of more than 40% through 2025, predominantly on account of increasing demand for microfinance loans from the MSME sector.

The main objective of microfinance organizations is to give a chance to low-salary borrowers to become self-sufficient. This sector plays an important role in promoting inclusive growth by providing credit to borrowers who fall under BPL (Below Poverty Line) category. This industry is also helping women from rural areas to avail small loans at affordable rates to earn their livelihood.

Based on types, the Indian Microfinance Market is segmented into banks and non-banks. In India, bank are the preferred sources for Microfinance. Banks dominated the market in 2020 and the trend is likely to continue in the coming years as well. This is on account of banks offering attractive interest rates compared to non-banking institutions.

By Bank type segmentation, the market is categorized into Small Finance Companies, Commercial Banks, Regional Rural Banks, and Cooperative Banks. Small Finance Companies accounted for the highest market share in FY 2020, followed by Commercial Banks and Reginal Rural Banks. By region, the Indian Microfinance Market is segmented into North, South, West, and East. In FY 2020, South region accounted for more than one-third of the market share, followed by West, North and East regions.

Major players operating in the Indian Microfinance Market include 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.

Players operating in the Indian Microfinance Market are offering flexibility in terms of interest rates, service charges & fees as well as loan tenure in order to draw more and more customers.

Years considered for this report:

• Historical Years: 2015-2019
• Base Year: 2020
• Estimated Year: 2021
• Forecast Period: 2022-2025

Report Scope:

Market, By Type:

• Bank
• Non-Bank

Market, By Bank Type:

• Small Finance Companies
• Commercial Banks
• Regional Rural Banks
• Cooperative Banks

Market, By Non-Bank Type:

• NBFC-MFIs
• NBFCs
• Not for Profit MFIs

Market, By End-Use

• Agriculture and Allied Services
• Services
• Trade & Business
• Education
• Production/Manufacturing
• Others

Market, By Area

• Urban
• Rural

Market, By Region:

• North
• South
• East
• West

Companies Mentioned

• 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

For more information about this report visit https://www.researchandmarkets.com/r/8w8d8e