THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) to (f): Small industries Development Bank of India (SIDBI) has reported that, as per
Sa-Dhan`s Quick Report (Sa-dhan is an association of community development finance
institutions with a member base of 237 members comprising Microfinance Institutions,
Capacity building institutions and technical service providers, banks etc.), the All
India data in respect of the Micro Finance Institutions (MFI) sector for the last three
years is given below:
FY 2008 FY 2009 FY2010
Client outreach (lakh) 141 226 267
Outstanding portfolio (Rs. crore) 5954 11734 22500
Borrowings (Rs. crore) 2500 9923 17000
As per the above Report nearly 45% of the MFIs in the sample have their operations in the
Southern States of India. Though southern India tops the tally of MFIs, the eastern region
is catching-up very rapidly with a sizable proportion of MFIs (36,4% of the sample) in this
region-Further, there has also been flurry of MFIs in northern and western parts of the
country. Both of these regions have separately contributed about 22% of the MFIs in the
sample.
SIDBI has reported that it is taking several steps to increase the flow of assistance to
hitherto underserved areas, viz. North Eastern Region (NER), and in States like Rajasthan,
Uttar Pradesh, Madhya Pradesh, Uttarakhand, Bihar, West Bengal. Jharkhand, Orissa and
Chattisgarh. These include development of local MFIs, inducing larger MFis from the Southern
states to expand outreach in underserved areas, incubation of new start-up MFIs promoted by
microfinance professionals, intensifying efforts in identifying suitable MFIs who have the
potential of becoming long term partners, and providing stand-alone Capacity Building
support.
