Question

By what percentage did the microfinance industry's loan portfolio grow by the end of December 2023?

A 19% Correct Answer Incorrect Answer
B 20% Correct Answer Incorrect Answer
C 21% Correct Answer Incorrect Answer
D 22% Correct Answer Incorrect Answer
E 23% Correct Answer Incorrect Answer

Solution

The microfinance industry's loan portfolio experienced a growth of 21% at the end of December 2023, reaching ₹3.93-lakh crore. This growth indicates a robust demand for microfinance services and the sector's vital role in financial inclusion.

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