Nabard

NABARD releases disbursement figures for MFI's

The National Bank for Agriculture and Rural Development (NABARD) has reported that bank loans amounting to Rs. 3732.33 crore has been disbursed to 581 Micro Finance Institutions (MFIs) during the year 2008-09 and as of 31.3.2009, the loan outstanding stood at Rs. 5009.09 crore against 1915 MFIs. The loans were given for lending to the poor both in the urban and rural areas by the MFIs.nabard mfi india
Further, NABARD has reported that under the Self Help Group-Bank Linkage Programme, as of 31 March 2009, there were more than 61.21 lakh saving-linked SHGs and more than 42.24 lakh credit-linked SHGs and thus about 8.6 crore poor households have been covered under the Self Help Group- Bank Linkage programme.The deposits outstanding from these Groups stood at Rs. 5545.62 crore and loans outstanding stood at Rs. 22679.85 crore.

This information was given by Minister of State for Finance, Shri Namo Narain Meena in a written reply to a Question in Lok Sabha on Friday.

Abhay N

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Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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