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State microfinance kitty at ₹32,500 cr

November 11, 2025

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Business Standard

The Uttar Pradesh microfinance industry — which provides credit to the bottom-of-pyramid borrowers, including 5.3 million women — is currently estimated at ₹32,500 crore.

- VIRENDRA SINGH RAWAT Lucknow, 10 November

In the quarter ending September 30, 2025, microfinance institutions (MFI) clocked a growth of almost 4 percent, with quarterly lending at ₹7,258 crore.

However, current outstanding of 32,584 crore at the end of September 30, 2025 was down 20 percent, compared to over₹ 40,000 crore at the end of September 2024.

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