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Number of MFIs in India

How many MFIs are there in India?

1,109.

The 2008-2009 Annual Report published by the National Bank for Agriculture and Rural Development (NABARD) states that, in 2008, there were 1,109 microfinance institutions (MFIs) in India. Among the 50 Top Microfinance Institutions ranking, issued by Forbes, there are 7 Indian MFIs, which are ranked 2nd, 13th, 15th, 19th, 23rd, 29th and 44th.

This fact is verified on : June 24, 2010.





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