The MCI is a comprehensive measure of data elements that are summarized monthly to analyse changes in microfinance credit market health, categorized under three pillars: credit supply, borrower behaviour, and performance. These factors are combined into a single, comprehensive indicator, and pillars can also be viewed in more detail individually.

Key highlights of the report include:

As of March 2025, the portfolio balance stood at INR 3.7 lakh crore, with NBFCs gaining 2% market share, while the share held by Banks and SFBs declined
Key borrower profiles like younger borrowers and new-to-credit originations have seen a year-on-year increase in share as of 3 month ended March 2025 indicating a healthy shift in sourcing
PAR 30+, 60+, 90+ continues to show stress, highlighting the need for continued portfolio monitoring and selection of existing borrowers for next cycle loans