Microfinance replaces informal credit: Report
MUMBAI: A structural shift is reshaping India’s microfinance sector, with regulated lenders displacing informal sources as borrowing from moneylenders fell to 1% in 2024–25 from 46% in 2011, according to a survey by Microfinance Industry Network and National Council of Applied Economic Research.The survey, which covered 10,342 borrowers across 10 states, shows a maturing market…