Dibyajyoti Pattanaik | Photo Credit: cueapi

The MFI sector’s portfolio quality is strengthening, liquidity is returning, and the foundations for sustainable growth are firmly in place, according to Dibyajyoti Pattanaik, newly appointed Chairperson of Microfinance Industry Network (MFIN).

“As we move forward, our collective focus must be on responsible expansion, deepening trust with regulators and lenders, and ensuring that microfinance continues to be a powerful force for financial inclusion across the country,” he said.

Gyan Mohan, newly appointed Vice-Chairperson of MFIN, noted that microfinance has transformed millions of lives by placing financial opportunity in the hands of those who need it most - particularly women and underserved communities.

“As the sector enters its next phase of growth, I am committed to ensuring that client protection remains at the centre of everything we do,” he said.

Pattanaik, currently serving as Director, Annapurna Finance Pvt. Ltd., and Gyan Mohan, Director & CEO, Adi Chitragupta Finance Ltd., were appointed as Chairperson and Vice-Chairperson of MFIN at its 17th Annual General Meeting (AGM) held in Gurgaon on Friday.

MFIN is a Reserve Bank of India (RBI) recognized Self-Regulatory Organization (SRO) representing the interests of NBFC-MFIs, Banks, SFBs and NBFCs.

Alok Misra, CEO & Director, MFIN, said, “The sector is gradually emerging from a challenging period and has demonstrated commendable discipline and resilience. MFIN remains committed towards strengthening the ecosystem through policy advocacy, SRO oversight, capacity building, research, and sector-wide initiatives.”

Published on June 26, 2026