TheBharatMicrofinance Report2016 Supported by: NABARD Mission of Sa-Dhan “To build the field of community development finance in India, to help its members and associate institutions to better serve low income households, particularly women, in both rural and urban India, in their quest for establishing stable livelihoods and improving their quality of life”. With best compliments from: National Bank for Agriculture and Rural Development (Printing of this document is supported by NABARD) Mission of NABARD “Promotion of sustainable and equitable agriculture and rural develop- ment through effective credit support, related services, institution devel- opment and other innovative initiatives”. The Bharat Microfinance Report 2016 A 1- 248, 3rd Floor, Safdarjung Enclave, New Delhi – 110029, India Tel: + 91- 11-47174400, Fax: + 91-11-47174405 E-mail:
[email protected],
[email protected] © Copyright reserved Sa-Dhan 2016 Developed & Published by: Sa-Dhan A 1- 248, 3rd Floor, Safdarjung Enclave, New Delhi – 110029, India Tel: + 91- 11-47174400, Fax: + 91-11-47174405 E-mail:
[email protected],
[email protected] Cover Design & Printed by: Anil 9810803375, 8860127811 Disclaimer: The views expressed in this publication do not necessarily reflect the opinions/views of any of the insitutions referred to and they are not to be held responsible for the opinions/views in this report. Preface he Indian Microfinance Sector has witnessed a phenomenal growth over the past 17 years. The number Tof Institutions providing microfinance services has gone up from a few to several hundreds. The quantum of credit made available to the poor and financially excluded clients has gone past `60,000 crore and number of clients benefitted is close to 40 million as of March 2016.