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Micro Finance


Offerings to Microfinance Institutions (MFI)

Access to financial services is a key element in the process of socio-economic empowerment of the financially under-served sections of the society. At ICICI Bank, we support initiatives to enhance access to financial services by bridging gaps wherever there are missing markets, to improve livelihood opportunities and productivity in the country and bring more people into the socio-economic mainstream, thus contributing to the full realisation of India’s vast untapped market.

We believe that existing financial intermediaries like Micro Finance Institutions (MFIs) can play a significant role in enhancing the levels of financial inclusion in the country by reaching out to the ‘last mile’ and thereby sharing the responsibilities of the government and the mainstream financial sector.

The Bank has been engaging with MFIs over the past decade and is one of the key lenders to such institutions. Our engagement with the MFIs has evolved over time, and we now focus on:

  1. Establishing a healthy and profitable lending business through relationships with select MFIs and
  2. Investing in building deeper and concurrent monitoring and control mechanisms to enable healthy growth of the microfinance sector.

ICICI Bank provides financial assistance to select MFIs in the form of term loans. The Bank also invests in Pass Through Certificates where the underlying comprises of loans originated by MFIs. Besides, the Bank also provides other value added services to MFIs like cash management services, made-to-order current accounts, savings/salary accounts for their staff and treasury products, which enable them to invest their liquid funds.


Lending To Microfinance Borrowers

ICICI Bank provides financial assistance to members of Joint Liability Groups(JLGs), in form of small ticket size microfinance loans through its Business Correspondent (BC) network to enable ICICI Bank’s resolve towards financial inclusion. The pricing for such loans is provided below:

Rates for Microfinance Borrowers*





Interest Rate




Processing Fee




Penal Charges




*Updated as on March 31, 2024


  • The range of rates provided above is with respect to loans given to individuals, disbursed during January to March quarter of FY 2024

  • It excludes subsidy and government schemes

  • Average rates provided above is corresponding weighted average of rates considering the loan amounts sanctioned to the borrowers.

Annual Percentage Rate

The Annual Percentage Rate (APR) is a method to compute the annualised credit cost, which includes the interest rate and the loan origination fee.

To calculate the same, click here to download the APR calculator.

Kindly refer to Bank’s Fair Practices Code: Click here

ICICI Bank may be held accountable for conduct of its employees or employees of the outsourced agency. ICICI Bank shall strive to provide fair and timely redressal to any such grievances raised by borrowers.

To raise a complaint/grievance, kindly click here: Click here