India Microfinance Market is projected to grow at a double digit CAGR during 2019-2024 owing to growing number of small and medium enterprises in the country, lower interest rates and government initiatives to improve the credit lines for people from lower income groups. In 2015, government launched Micro Units Development & Refinance Agency Limited (MUDRA) and Pradhan Mantri MUDRA Yojana (PMMY) to lend money to small & medium enterprises and lower income population with a target of more than 1 Lakh crores. The main objective of microfinance organizations is to give a chance to low-salary borrowers to become self-sufficient. Based on region, the market has been segmented into North, South, East and West. In 2018, South India region dominated the market followed by West India, most of the loans were given to trades and services sector followed by agriculture & allied activities. Apart from micro-savings, microcredit, micro-pension etc. MFI also provides various development services like empowerment of community with a focus on women, financial literacy etc., and it is also offered to people living below poverty line (BPL) since the interest rates are very low. Moreover, growing technological advancements and government’s initiatives for digital innovations like ‘Broadband for All’ which aims to cover over 2 Lakh villages in India, will reduce the barrier for the adoption of MFI will further boost the India Microfinancing market over the next five years.

Years considered for this report:

Historical Years : 2014-2017

Base Year : 2018

Estimated Year : 2019

Forecast Period : 2020-2024

Objective of the Study:

  • To analyse and forecast the market size of Microfinance Market, in terms of value.
  • To classify and forecast India Microfinance Market based on type of institution, end use, company and regional distribution.
  • To identify drivers and challenges for India Microfinance Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Microfinance Market.


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Some of the leading players in the India Microfinance Market are Asmitha Microfin Ltd., Utkarsh Micro Finance Pvt Ltd., Share Microfin Limited, Ujjivan, Spandana Sphoorty Financial Ltd., Bhartiya Samruddhi Finance Limited (BSFL), Grameen Financial Services Pvt Ltd (GFSPL), Shri Kshetra Dharmasthala Rural Development Project, Bharat Financial Inclusion Limited Grama Vidiyal Micro Finance Pvt Ltd (GVMFL) etc.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of Microfinance companies and service providers operating in India. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. TechSci Research analysed product offerings, services and regional presence of all major Microfinance companies in India.

TechSci Research calculated the market size for India Microfinance market using a bottom-up technique, wherein sales value data of different finance companies was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of Microfinance companies to arrive at the overall market size.

 

Key Target Audience:

  • Microfinance Companies
  • Banking Sectors
  • Industry associations and experts
  • Research organizations and consulting companies.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India Microfinance Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type of Institutions:
    • Banks
    • Non-Banks
  • Market, By End Use:
    • Agriculture
    • Manufacturing/Production
    • Trade & Services
    • Household Finance
    • Others
  • Market, By Region:
    • North Region
    • South Region
    • West Region
    • East Region

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Microfinance Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customers

4.1.  Customer Savings Propensity

4.2.  Preference of Type of Microfinance Finance

4.3.  Willingness to Mortgage

4.4.  Awareness of Microfinance Finance Providers

4.5.  Awareness of the Interest Rates

4.6.  Factors Influencing the Decision

4.7.  Challenges-faced/Unmet needs

5.    India Microfinance Market Overview

6.    India Microfinance Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Types of Institution (Banks and Non-Banks)

6.2.2.     By End Use (Agriculture, Manufacturing/Production, Trade & Services, Household Finance and Others)

6.2.3.     By Company

6.2.4.     By Region

6.3.  Market Attractiveness Index

7.    India Banks Microfinance Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By End User

7.2.2.     By Region

7.3.  Market Attractiveness Index

8.    India Non-Banks Microfinance Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By End User

8.2.2.     By Region

8.3.  Market Attractiveness Index

9.    PEST Analysis

10.  Market Dynamics

10.1.              Impact Analysis

10.2.              Drivers

10.3.              Challenges

11.  Market Trends & Developments

12.  India Economic Profile

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

14.  Government Initiatives

15.  Competitive Landscape

16. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com