Microfinance India: State of the Sector Report is an annual publication on the microfinance sector which quantifies the growth and performance based on different criteria, in addition to documenting recent developments, analyzing issues, identifying policy choices with the overall objective of understanding the sector. Besides making available the latest statistical data on growth performance and expansion across regions and different segments of the population, the document provides inputs for in-depth understanding of the operational climate and the new innovations that have been adopted dur.