Banks disburse Rs 7,500 crore under Credit Guarantee Scheme for microfinance institutions

The Credit Guarantee Scheme for Micro Finance Institutions was announced in June as part of a Rs 6.29 lakh crore package to provide relief to various sectors affected by second wave of the pandemic.

published on : 29th September 2021

Assam govt signs MoU with banks, MFIs to give relief to poor women borrowers

Waving off the microfinance loans of women was a poll promise of the ruling BJP.

published on : 24th August 2021

Microfinance loan portfolio grows 11.9% to Rs 2,59,377 crore as on March-end: MFIN

The growth was driven by an addition of 4 lakh borrowers during the pandemic-struck 12-month period ending March 2021,

published on : 30th June 2021

Microfinance institutions may get freedom to price loans

As part of a consultation paper, apex banking regulator RBI has proposed removal of the ceiling on interest rates and instead proposed board-approved policies to determine it.

published on : 15th June 2021

'MFI loans that are overdue beyond 30 days to cross demonetisation peak'

Considering the likely rise in delinquencies and restructuring, Krishnan Sitaraman said, higher provisioning is also warranted to absorb the shocks.

published on : 12th June 2021

MFI repayments start falling again, industry heads meet RBI Governor

The crisis-ridden microfinance industry has started to see collections falling again overshadowed by the raging second wave of the coronavirus pandemic.

published on : 5th May 2021

Microfinance industry to face asset quality pressures in near term amid restrictions: Report

ICRA Ratings said in the report that a majority of micro finance institutions will somehow be able to withstand any stress due to their improving collection efficiency.

published on : 16th April 2021