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Indian microfinance sector has grown by over 2,100% in the past 12 years

Kumari Sonali

Indian microfinance sector has grown by over 2,100% in the past 12 years:

Over the past 12 years, India’s microfinance sector has experienced an extraordinary expansion, with its business increasing from ₹17,264 crore in March 2012 to ₹3.93 lakh crore by November 2024—a growth of over 2,100%. This significant rise underscores the sector’s pivotal role in promoting financial inclusion and supporting economic development across the nation.

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