Tamil Nadu News

Microfinance Gross Loan Portfolio

August 20 , 2025 17 hrs 0 min 18 0

Tamil Nadu’s microfinance gross loan portfolio (GLP) fell 23.5% to ₹43,700 crore at the end of June 2025.
It had stood at ₹57,100 crore in the same period last year.
Quarter-on-quarter (QoQ), the GLP declined 6.7% from ₹46,800 crore as of March 30, 2025.
The TN Money Lending Entities (Prevention of Coercive Actions) Act, 2025, was notified in June.
The provisions of the Act relating to coercive action against borrowers also apply to non-banking financial companies registered with the Reserve Bank of India and co-operative banks and societies.
Muthoot Microfin holds a ₹3,200 crore microloan portfolio in Tamil Nadu.
All states except West Bengal saw double-digit GLP drops in June 2025.
Odisha saw the steepest fall at 24.7%, followed by Tamil Nadu and Karnataka at 22.9%.