Microfinance Institutions loan portfolio to enhance
According to the reports as of 31st of March 2021, the microfinance industry lent Rs 10.83 crore to almost 5.93 crore borrowers. The GLP or gross loan portfolio of the microfinance industry rose to Rs 2,59,377 crore which is around 11.9%, this growth was driven by an extra 4 lakh borrowers during the financial year 2020-2021 during the time of pandemic according to the reports of Microfinance Institutions Network. 
MFIN or Microfinance Institutions Networks is an industry association involving 58 NBFC-MFIs and 39 associates including many banks, small finance banks known as SFBs and NBFCs.
The report further stated that there are 13 banks that hold the largest share of the microcredit portfolio with a total outstanding loan amounting to Rs 1,13,271 crore which accounts for 43.67% of the total microcredit universe.
These NBFC-MFIs with a gross loan portfolio increased by 11%, are the second largest provider of microcredit with outstanding loans amounting to Rs 80,549 crore, which is 31.05 per cent of the total industry portfolio as shown by the MFIN report.
NBFCs account for another 8.36 % and the other MFIs 1.5% of the total microcredit universe. The GLP on NBFC-MFIs includes an owned portfolio of Rs 68,894 crore and a managed portfolio of Rs 12,581 crore.
During the financial year 2020-21, the NBFC-MFIs received a total amount of Rs 40,797 crore in debt accounting funds which is 9.2% higher than the financial year 2019-2020 and it disbursed the amount of Rs 35,762; which is 20% more than the last financial year.
