Government will waive loans taken by poor women: Himanta Biswa Sarma
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Opposition Congress has promised waiver of loans taken from MFIs if the party is voted to power in Assam in the upcoming assembly polls. Assam saw a spate of loan defaults and stress in rural households, raising the spectre of repayment crisis that hit Andhra Pradesh in 2010.
He said that Assam Microfinance Institutions (Regulation of Moneylending) Bill, 2020, which was passed in state assembly, is awaiting the Governor’s nod.
With microfinance lending turning out to be an election issue in Assam, finance minister Himanta Biswa Sarma said the government will waive the loans taken by poor women.
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Satya MicroCapital raises Rs 153 crore in equity from Japan s Gojo & Company
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Bhubaneswar-headquartered Annapurna Finance and Kolkata-grown Janakalyan Financial Services are also looking for equity expansion, two people familiar with the matter said.
Arohan Financial Services, one of the top micro lenders, is preparing for an initial public offer later this year.
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Kolkata: Microfinance company
Satya MicroCapital has raised Rs 153 crore in equity from Japan s Gojo & Company Inc in one of the biggest fundraisings by a microfinance firm amid pandemic while at least three others are in the process of raising capital with the market showing signs of restoring normalcy.
Assam Microfinance Bill May Give A Bigger Jolt To Banks Than Pure-play MFIs moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Bandhan Bank has registered a 13 per cent decline in net profit at ₹633 crore for the quarter ended December 31, 2020, against ₹731 crore in the same period last year on the back of higher provisionin