Microfinance lending jumps 10% to Rs 40,840 crore in Uttar Pradesh

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Microfinance lending jumps 10% to Rs 40,840 crore in Uttar Pradesh - Business Standard

Quick Summary:

It saw the participation of leading bankers and MFIs, including State Bank of India (SBI) ex-chairman Dinesh Kumar Khara.

UPMA also released a report on the potential of the MFIs in bolstering UP’s march to become a trillion-dollar economy as envisaged by Chief Minister Yogi Adityanath.

Utkarsh Bank managing director Govind Singh said MFIs provided an impetus to employment generation and supported the weaker sections of society with a credit window to become self-reliant.