Micro-credit disbursements decline 35.8% in Q3 of current fiscal: MFIN

Q: How long will it take to read this news story?

The story "Micro-credit disbursements decline 35.8% in Q3 of current fiscal: MFIN" has 327 words across 14 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Micro-credit disbursements decline 35.8% in Q3 of current fiscal: MFIN" was covered 7 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 230 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26455040</li><li>URL: https://beamstart.com/news/micro-credit-disbursements-decline-358-17405621927</li></ul>

Business Standard Logo Business Standard 7h ago

Micro-credit disbursements decline 35.8% in Q3 of current fiscal: MFIN - Business Standard

Quick Summary:

Disbursement of microfinance loans has declined 35.8 per cent to Rs 22,091 crore during the third quarter ending December 2024 as compared to the similar previous corresponding period, Microfinance Institution Network (MFIN), an umbrella body of the microfinance institutions (MFIs), said in its report.

Assets under management (AUM) of the MFIs at the end of December 2024 stood at Rs 1,42,695 crore, showing a decrease of 0.1 per cent against the same period ending December 2023.

The average loan amount disbursed per account during the third quarter was Rs 51,691 crore, registering an increase of 15.2 per cent in comparison to the same quarter of the previous fiscal.