CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is Tamil Nadu. Tamil Nadu has displaced West Bengal to emerge as the largest State in terms of the outstanding portfolio of microfinance loans (MFL).

Detailed explanation-2: -State-wise, Tamil Nadu is the largest state in terms of portfolio outstanding, followed by Bihar and West Bengal. “In Q2FY23, microfinance industry touched Rs 3,00,974 crore mark of portfolio outstanding.

Detailed explanation-3: -"The MFI sector’s outstanding for the current fiscal will be around Rs 3.25 lakh crore. There will be a 20.3 per cent rise over the previous fiscal year,” Misra told reporters here on Tuesday.

Detailed explanation-4: -Association of Microfinance Institutions – West Bengal AMFI-WB has a very important role considering the nascent nature of the industry in developing capacities, adopting best practices, improving policy and operational mechanism of its members. At present there are 44 member organizations of AMFI-WB.