MFIs seek more penetration in terms of household coverage

Updated: Feb 12 2024 5:54PM

Kolkata, Feb 12 (PTI) Micro-finance Institutions (MFIs) have sought more penetration in terms of household coverage to increase their portfolio of disbursements, an official said on Monday.

CEO and director of Microfinance Institutions Network (MFIN) Alok Misra said there are 7.3 crore low-income borrowers in the country at present with an outstanding portfolio of Rs four lakh crore.

Misra told reporters here that the potential for the MFI sector is to have an outstanding of Rs 13 lakh crore, adding that there is a huge scope for growth.