Abstract
This paper examines the financial, social and overall bias-corrected efficiencies of 82 Indian microfinance institutions for the year 2015-2016, and obtains the potential determinants of efficiency scores using double bootstrap procedure by Simar and Wilson (2007). Bias-corrected efficiency scores are used to provide a strict ranking to sampled MFIs. An attempt is made to resolve the unsettled debate on trade-off between the dual goals of the MFIs. The results reveal that Indian MFIs are found more financially efficient than socially efficient in the sampled year. The efficiency differences across the MFIs' operating in central and northern regions and distinct sizes classes of MFIs are statistically significant. The study establishes enough evidence to advocate the absence of trade-off in achieving dual goals in the Indian MFI industry in the year 2015-2016. Finally, size of MFI and equity to assets ratio influences the efficiency levels of Indian MFIs.
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