An Impact Study on Microfinance in Karnataka will be released by Home Minister Dr. G. Parameshwara
Bangalore, September 10, 2023: Association of Karnataka Microfinance Institutions (AKMi) is organizing “The Microfinance Karnataka Summit – 2023”, to highlight the growth of Microfinance Industry in Karnataka on Tuesday, the 12th of September. The impact study which has been turned into a book, ‘Microfinance in Karnataka – Sector Report 2023,’ by Mr. N. Srinivasan, former Chief General Manager, NABARD, will be unveiled by Dr. G. Parameshwara, Hon’ble Home Minister of Karnataka. He will also address leaders and experts of the Microfinance Industry.says release
The launch of the Impact Study report will be followed by panel discussions which will feature industry experts on the Growth, Innovation and Future Prospects of Microfinance in Karnataka. The survey has covered 7 districts in Karnataka with 2300 microfinance customers per district. The purpose of the survey was to understand the socio-economic impact of two and half decades of microfinance operations in Karnataka and also to better understand the needs of the customers.
“The Microfinance industry in Karnataka is estimated to have grown upwards at 10% during the year 2022-23 considering both Joint Liability Group (JLG) and Self-Help Group (SHG) loans, reaching to around 46,000 cr. making Karnataka one of the largest states in terms of portfolio size. AKMI’s role is to ensure customer protection, strengthen the ecosystem by building strong relationships with all stake holders and support members in connecting with stakeholders and addressing local level issues across the state,” said Mr. Venkatesh N, Chairman AKMI.
