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Why microborrowers in Assam are refusing to repay their loans this poll season

Why microborrowers in Assam are refusing to repay their loans this poll season Why microborrowers in Assam are refusing to repay their loans this poll season Microfinance — or small collateral-free loans meant for low-income groups — has emerged as a poll plank on the threshold of the 2021 Assam assembly elections.  Karishma Hasnat 22 February, 2021 2:00 pm IST A+ Guwahati: Manobika Lahon of Santapur village in Assam’s Lakhimpur district has nearly paid off the Rs 30,000 loan she took from a microfinance institution (MFI), but she won’t be paying the remaining instalments.  Many others in the village, who took small loans to start a business, clear debt, pay for their children’s education, or emergencies, echo her conviction. 

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