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India Microfinance Market Report 2020: Market is Anticipated to Grow at a High CAGR of More than 40% through 2025

Research and Markets
·5-min read

Dublin, Feb. 12, 2021 (GLOBE NEWSWIRE) -- 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

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. India Microfinance Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type of Institution (Bank, Non-Bank)
5.2.2. By Area (Urban, Rural)
5.2.3. By Urban, By End Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
5.2.4. By Rural, By End Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
5.2.5. By End Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
5.2.6. By Bank Type (Small Finance companies, commercial banks, regional rural banks, and Cooperative banks)
5.2.7. By Bank Type, By End-Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
5.2.8. By Non-Bank Type (NBFC-MFIs, NBFCs, and Not for profit MFIs)
5.2.9. By Non-Bank Type, By End Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
5.2.10. By Type of Institution, By End-Use (Agriculture and Allied, Services, Trade & 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. India Bank Microfinance Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Bank Type
6.2.2. By End Use

7. India Non-Bank Microfinance Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Non-Bank Type
7.2.2. By End Use

8. Urban India Microfinance Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By End Use

9. Rural India Microfinance Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By End Use

10. Market Dynamics
10.1. Drivers
10.2. Challenges

11. Market Trends & Developments

12. Policy & Regulatory Landscape (including Government interventions; initiatives; and other regulatory aspects)

13. India Economic Profile

14. Competitive Landscape
14.1. Company Profile
14.1.1. Company Detail
14.1.2. Service Charges & Fees
14.1.3. Documentation Required For Loan
14.1.4. Terms & Conditions of Loan
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 about this report visit https://www.researchandmarkets.com/r/8xwk60

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900