The microfinance sector has shown a sharp jump in gross loan portfolio growth at 61 per cent in FY15 to ₹40,138 crore, according to data compiled by industry regulatory body Microfinance Institutions Network (MFIN).

Annual loan disbursements in FY15 rose 55 per cent and MFIs attracted 84 per cent more funding than in the previous fiscal, MFIN said in its 13th issue of Micrometer, based on data collected from 50 MFIN members/ associates.

According to the data, MFIs provided micro-credit to over 30.5 million borrowers in FY15, a 29 per cent increase, and the average loan amount disbursed per account stood at ₹16,327.

(This article was published on May 27, 2015)