Mumbai | November 28, 2025 — Emphasising the transformative role of grassroots finance, a Reserve Bank of India (RBI) Deputy Governor said that microfinance has the potential to drive “macro progress” by empowering the poor and strengthening the rural economy. Speaking at a financial inclusion summit in Mumbai, the official highlighted how small-ticket loans and self-help groups are playing a crucial role in boosting entrepreneurship and income generation.
The Deputy Governor noted that responsible lending, digital penetration, and stronger regulatory oversight are essential to ensure sustainable growth of the microfinance sector. He also stressed the need to protect borrowers from over-indebtedness while expanding access to affordable credit. Experts believe that a healthy microfinance ecosystem can significantly contribute to inclusive growth, job creation, and long-term economic stability in India.
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