gross debt portfolio According to a report, the microfinance sector (GLP) grew by 0.86 per cent on a year-on-year basis to Rs 2,36,100 crore in the April-June 2021 quarter from Rs 2,34,100 crore in the year-ago period. NS GLP There was a decline of seven per cent quarter-on-quarter in the first quarter as against Rs 2,53,800 crore in the fourth quarter of the previous fiscal.

Total disbursements (value terms) increased by 273.4 per cent to Rs 23,796 crore in the first quarter of FY22 from Rs 6,372 crore in the year-ago period. However, disbursements declined by 73 per cent in the April-June quarter, as against Rs 88,517 crore in the March 2021 quarter.

Considering the impact of the COVID-19 pandemic, the microfinance sector had recovered to pre-pandemic levels by the fourth quarter of FY21, a report released on Wednesday by credit information bureau CRIF High Mark said.

“However, with the second wave of COVID-19 and re-imposition of lockdown in many parts of the country, the sector again suffered a major setback in Q1 FY22, with a steep decline in disbursements and high crime,” it said . Portfolio at Risk (PAR) 30+ days past due (DPD) stood at 15.4 per cent in Q1 as compared to 1.6 per cent in the same quarter of last fiscal. par 90+ DPD The report said that 3.3 per cent stood at 0.7 per cent in the same quarter of FY 2021.