01-December-2025
Banking
 
About 11 million microfinance borrowers out of the formal credit system
29-Nov-2025

About 11 million low-income borrowers have exited India’s formal credit system as microfinance lenders, beset with asset-quality challenges, progressively slowed lending to customers at the base of the economic pyramid, data from Crif High Mark showed. The number of unique microfinance borrowers stood at 75 million at the end of September, compared with 86 million a year ago.

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/about-11-million-microfinance-borrowers-out-of-the-formal-credit-system/articleshow/125642255.cms
 
 
 

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