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India Microfinance Market, By Type (Bank, Non-Banks), By Bank Type (Small Finance Companies, Commercial Banks, Regional Rural Banks, and Cooperative Banks), By Non-Banks (NBFC-MFIs, NBFCs, and Not for Profit MFIs), By End-Use (Agriculture and Allied, Services, Trade & Business, Production/Manufacturing, and Others), By Area (Urban, Rural), By Region, Competition, Forecast & Opportunities, 2025

August 2020 | 71 pages | ID: IB5BA10F0679EN
TechSci Research

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India microfinance market is anticipated to grow at a CAGR of more than 40% through 2025, predominantly on account of increasing demand for microfinance loans from the MSME sector. The main objective of microfinance organizations is to give a chance to low-salary borrowers to become self-sufficient. This sector plays an important role in promoting inclusive growth by providing credit to borrowers who fall under BPL (Below Poverty Line) category. This industry is also helping women from rural areas to avail small loans at affordable rates to earn their livelihood.

Based on types, India microfinance market is segmented into banks and non-banks. In India, bank are the preferred sources for Microfinance. Banks dominated the market in 2020 and the trend is likely to continue in the coming years as well. This is on account of banks offering attractive interest rates compared to non-banking institutions. By Bank type segmentation, the market is categorized into Small Finance Companies, Commercial Banks, Regional Rural Banks, and Cooperative Banks. Small Finance Companies accounted for the highest market share in FY 2020, followed by Commercial Banks and Reginal Rural Banks. By region, India microfinance market is segmented into North, South, West, and East. In FY 2020, South region accounted for more than one-third of the market share, followed by West, North and East regions.

Major players operating in India microfinance market include Jana Small Finance Bank Limited, Belstar Investment and Finance Private Limited, Ujjivan Small Finance Bank Limited, Satin Creditcare Network Limited, Annapurna Microfinance Pvt. Ltd, BSS Microfinance Pvt. Ltd, Fusion Microfinance, Future Financial Services Private Limited, Asirvad Microfinance Pvt. Ltd, Mudra Microfinance, and Others. Players operating in India microfinance market are offering flexibility in terms of interest rates, service charges & fees as well as loan tenure in order to draw more and more customers.

Years considered for this report:
  • Historical Years: 2015-2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022–2025
Objective of the Study:
  • To analyze and forecast the market size of India Microfinance market.
  • To classify and forecast India Microfinance market based on type, source, interest rate, tenure, area of property and regional distribution.
  • To identify drivers and challenges for India Microfinance market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Microfinance market.
  • To identify and analyze the profile of leading players operating in India microfinance market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated the market size of India microfinance market by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:
  • Microfinance companies and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to microfinance market
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India Microfinance market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Market, By Type:
    • Bank
    • Non-Bank
  • Market, By Bank Type:
    • Small Finance Companies
    • Commercial Banks
    • Regional Rural Banks
    • Cooperative Banks
  • Market, By Non-Bank Type:
    • NBFC-MFIs
    • NBFCs
    • Not for Profit MFIs
  • Market, By End-Use
    • Agriculture and Allied Services
    • Services
    • Trade & Business
    • Education
    • Production/Manufacturing
    • Others
  • Market, By Area
    • Urban
    • Rural
  • Market, By Region:
    • North
    • South
    • East
    • West
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Microfinance market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

5. INDIA MICROFINANCE MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Type of Institution (Bank, Non-Bank)
  5.2.2. By Area (Urban, Rural)
  5.2.3. By Urban, By End Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
  5.2.4. By Rural, By End Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
  5.2.5. By End Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
  5.2.6. By Bank Type (Small Finance companies, commercial banks, regional rural banks, and Cooperative banks)
  5.2.7. By Bank Type, By End-Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
  5.2.8. By Non-Bank Type (NBFC-MFIs, NBFCs, and Not for profit MFIs)
  5.2.9. By Non-Bank Type, By End Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
  5.2.10. By Type of Institution, By End-Use (Agriculture and Allied, Services, Trade & Business, Education, Production/manufacturing, and others)
  5.2.11. By Region (North, South, East, West)
  5.2.12. By Company (2020)
5.3. Market Attractiveness Index

6. INDIA BANK MICROFINANCE MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Bank Type
  6.2.2. By End Use

7. INDIA NON-BANK MICROFINANCE MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Non-Bank Type
  7.2.2. By End Use

8. URBAN INDIA MICROFINANCE MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By End Use

9. RURAL INDIA MICROFINANCE MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By End Use

10. MARKET DYNAMICS

10.1. Drivers
10.2. Challenges

11. MARKET TRENDS & DEVELOPMENTS

12. POLICY & REGULATORY LANDSCAPE (INCLUDING GOVERNMENT INTERVENTIONS; INITIATIVES; AND OTHER REGULATORY ASPECTS)

13. INDIA ECONOMIC PROFILE

14. COMPETITIVE LANDSCAPE

14.1. Company Profile
  14.1.1. Company Detail
  14.1.2. Service Charges & Fees
  14.1.3. Documentation Required For Loan
  14.1.4. Terms & Conditions of Loan
14.2. Jana Small Finance Bank Limited
14.3. Belstar Investment and Finance Private Limited
14.4. Ujjivan Small Finance Bank Limited
14.5. Satin Creditcare Network Limited
14.6. Annapurna Microfinance Pvt. Ltd
14.7. BSS Microfinance Pvt. Ltd
14.8. Fusion Microfinance
14.9. Future Financial Services Private Limited
14.10. Asirvad Microfinance Pvt. Ltd
14.11. Mudra Microfinance

15. STRATEGIC RECOMMENDATIONS

(Note: The companies list can be customized based on the client requirements)


LIST OF FIGURES

Figure 1: India Microfinance Market Size, By Value (USD Billion), 2015-2025F
Figure 2: India Microfinance Market Share, By Type of Institution, 2020 & 2025
Figure 3: India Microfinance Market Share, By Area, 2020 & 2025
Figure 4: India Microfinance Market Share, By End Use, 2020 & 2025
Figure 5: India Microfinance Market Share, By Type of Institution, By Bank Type, 2020 & 2025F
Figure 6: India Microfinance Market Share, By Type of Institution, By Non-Bank Type, 2020 & 2025F
Figure 7: India Microfinance Market Share, By Type of Institution, By End Use 2015-2025F
Figure 8: India Microfinance Market Share, By Type of Institution, By End Use, 2020 & 2025
Figure 9: India Microfinance Market Share, By Region, 2020 & 2025F
Figure 10: India Microfinance Market Share, By Company, 2019
Figure 11: India Microfinance Market Map, By Type of Institution - Market Size (USD Billion) & Growth Rate (%)
Figure 12: India Microfinance Market Map, By Area - Market Size (USD Billion) & Growth Rate (%)
Figure 13: India Microfinance Market Map, By End Use - Market Size (USD Billion) & Growth Rate (%)
Figure 14: India Microfinance Market Map, By Type of Institution, By Bank Type - Market Size (USD Billion) & Growth Rate (%)
Figure 15: India Microfinance Market Map, By Type of Institution, By Non-Bank Type - Market Size (USD Billion) & Growth Rate (%)
Figure 16: India Microfinance Market Map, By Type of Institution, By End Use - Market Size (USD Billion) & Growth Rate (%)
Figure 17: India Microfinance Market Map, By Region - Market Size (USD Billion) & Growth Rate (%)
Figure 18: India Bank Microfinance Market Size, By Value (USD Billion), 2015-2025F
Figure 19: India Bank Microfinance Market Share, By Bank Type, 2020 & 2025F
Figure 20: India Bank Microfinance Market Share, By End Use, 2015-2025F
Figure 21: India Non- Bank Microfinance Market Size, By Value (USD Billion), 2015-2025F
Figure 22: India Non- Bank Microfinance Market Share, By Non- Bank Type, 2020 & 2025F
Figure 23: India Non- Bank Microfinance Market Share, By End Use, 2015-2025F
Figure 24: India Microfinance Market Size, By Type of Institution, By End Use (USD Billion), 2015-2025F
Figure 25: India Microfinance Market Share, By Type of Institution, By End Use 2015-2025F
Figure 26: Urban India Microfinance Market Size, By Value (USD Billion), 2015-2025F
Figure 27: Urban India Microfinance Market Share, By End Use, 2015-2025F
Figure 28: Rural India Microfinance Market Size, By Value (USD Billion), 2015-2025F
Figure 29: Rural India Microfinance Market Share, By End Use, 2015-2025F

COMPANIES MENTIONED

1.Jana Small Finance Bank Limited
2.Belstar Investment and Finance Private Limited
3.Ujjivan Small Finance Bank Limited
4.Satin Creditcare Network Limited
5.Annapurna Microfinance Pvt. Ltd
6.BSS Microfinance Pvt. Ltd
7.Fusion Microfinance
8.Future Financial Services Private Limited
9.Asirvad Microfinance Pvt. Ltd
10.Mudra Microfinance


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