💨 Abstract
The Micro Finance Institutions (MFIs) industry in India has significantly grown from Rs 17,264 crores in 2012 to Rs 3.93 lakh crore as of November 2024, a 2176% increase over 12 years. The sector caters to nearly 8 crore borrowers, contributes 2.03% to GDP, and supports 1.3
Courtesy: theprint.in
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