Tamil Nadu replaced Bihar and West Bengal to become the largest state in terms of outstanding portfolio of microfinance loans. According to MFIN Micrometer Q4 FY21-22, a quarterly report published by Microfinance Institutions Network (MFIN), the gross loan portfolio (GLP) of Tamil Nadu as of March 31, 2022 stood at ₹36,806 crore. It was followed by Bihar (₹35,941 crore) and West Bengal (₹34,016 crore).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
At the end of Q3FY22, West Bengal topped the chart with the highest outstanding portfolio of loans at ₹32,880 crore, followed by Tamil Nadu (₹32,359 crore). The Top 10 States (based on total microcredit universe) constitute 82.4 per cent of total GLP of the industry. West Bengal was followed by Karnataka, Uttar Pradesh and Maharashtra. According to the report, around 64 per cent of the microfinance portfolio is concentrated in the East, Northeast, and Southern regions.
Important takeaways for all competitive exams:
Maharana Pratap Jayanti commemorates the birth of Maharana Pratap Singh, the valiant Rajput king of…
India marked the 164th birth anniversary of Rabindranath Tagore, popularly known as the Bard of…
World Red Cross and Red Crescent Day was observed on May 8, 2025, with the…
In a bold and precise military operation, India carried out deep air strikes against terrorist…
In a significant diplomatic and spiritual development, India and Vietnam have signed a Memorandum of…
In a significant policy reform aimed at energizing India's power sector, the Cabinet Committee on…
![](data:image/svg+xml;charset=utf-8,<svg height="187px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
