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The aggregate loan portfolio of the microfinance industry grew at a healthy 43.1 percent to Rs 1,66,284 crore as of December 2018, according to a report.

The loan amount includes a portfolio of Rs 458 crore in Andhra and Telangana and stressed (DPD 180+) portfolio of Rs 8,787 crore.

In the period to December 2017, total loan outstanding of the MFI industry was Rs 1,16,198 crore. A total number of microfinance accounts were at 8.91 crores as of December 2018, showing a growth of 24.3 percent over the third quarter of FY18, according to a report released by the Microfinance Institutions Network.

In the December quarter, 50 MFIN members collectively disbursed Rs 19,919 crore loans to 77 lakh accounts, it added."The MFIs, especially NBFC-MFIs that hold the largest share in the microcredit space, have shed the impact of last year’s liquidity crunch and are focusing on steady growth in the loan portfolio as well as a number of clients in the coming quarters," he said.

As of December 2018, 74 NBFC-MFIs held the largest share of the portfolio in micro-credit with a total loan outstanding of Rs 60,631 crore, which is 36.5 percent of total microcredit universe.

Banks' microfinance portfolio stood at Rs 53,605 crore, showing a growth of 50 percent over the last year. NBFCs account for another 10.7 percent and non-profit MFIs account for 2.4 percent of the universe.

Microfinance Institutions Network (MFIN) is an RBI recognized self-regulatory organization and industry association of the microfinance industry.

Non-Banking Finance Company-Microfinance Institutions (NBFC-MFIs) hold the largest share of the portfolio in micro-credit with the total loan outstanding of Rs 60,631 crore, which is 36.5 percent of total micro-credit universe.

During the reporting quarter, NBFC-MFIs members received a total of Rs 8,235 crore in debt funding, an increase of 11 percent, the report said. The total number of microfinance accounts also witnessed an annual growth of 24.3 percent with 8.91 crore active loan accounts in the third quarter of 2018-19, the report said.

In terms of regional distribution of total portfolio (GLP) in the country, the report said East and North East account for 37 percent of the total NBFC-MFI portfolio, South 25 percent, North 14 percent, West 15 percent and Central contributes 9 percent.

In the microfinance industry, NBFC-MFIs' share stood at 36.5 percent, banks contribute 32.2 percent, small finance banks 18.2 percent and NBFCs 10.7 percent and non-profit MFIs accounted for 2.4 percent.