 "Microfinance")
The disbursements in microfinance segment in Karnataka may slow down further for the next couple of months amid confusion that follows the promulgation of an ordinance by the state government, microfinance institution (MFI) executives said.
Assets under management (AUM) of MFIs in the state stood at Rs 60,000 crore at the end of March 2024, according to Association of Karnataka Microfinance Institutions (AKMI’s) annual report for FY24.
The state’s MFIs service over 10 million clients and employ over 36,000 who are all from Karnataka.
Senior MFI executives said the AUM has declined further as lenders moderated disbursements due to rise in
