Microfinance industry to grow 22% in FY20, needs Rs 4,700-cr external capital in 3 years
The microfinance industry may need an external capital of Rs 3,500-4,700 crore over the next three years.
Investors continued to support the MFIs with equity infusion of around Rs 4,350 crore in FY19 as against Rs 4,100 crore in FY18. Representational image, source: PTI