Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for India
INDFCSMMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
480,943,981,400.00
Year-over-Year Change
178.58%
Date Range
1/1/2011 - 1/1/2017
Summary
This economic trend measures the outstanding loans at non-deposit taking microfinance institutions (MFIs) in India. It provides insights into the availability and usage of microfinance services, which are crucial for financial inclusion and economic development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for India trend tracks the total value of outstanding loans managed by MFIs that do not take public deposits in the Indian market. This metric is used to assess the reach and impact of the microfinance sector in providing credit access to underserved populations.
Methodology
The data is collected by the Reserve Bank of India through surveys of non-deposit taking MFIs operating in the country.
Historical Context
Policymakers and financial regulators use this trend to monitor the growth and stability of the microfinance industry and its contribution to financial inclusion objectives.
Key Facts
- India has over 12 million active microfinance borrowers.
- Outstanding MFI loans in India totaled over $16 billion in 2021.
- Microfinance institutions provide critical access to credit for low-income households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans managed by non-deposit taking microfinance institutions (MFIs) in India. It provides insights into the accessibility and usage of microfinance services in the country.
Q: Why is this trend relevant for users or analysts?
A: The microfinance sector plays a crucial role in promoting financial inclusion and economic development by providing credit access to underserved populations. This trend is relevant for policymakers, regulators, and analysts to monitor the growth and stability of the microfinance industry in India.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of India through surveys of non-deposit taking MFIs operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this trend to monitor the growth and stability of the microfinance industry and its contribution to financial inclusion objectives in India.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing the full scope of non-deposit taking MFI activity in India.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for India (INDFCSMMFXDC), retrieved from FRED.