MFI industry seeks higher credit guarantee scheme in budget 2022 : Rashtra News #MFI #industry #seeks #higher #credit #guarantee #scheme #budget The microfinance sector has urged Finance Minister Nirmala Sitharaman to increase the limit of credit guarantee scheme in the budget for 2022-23. In the budget representation to the ministry, the self regulatory body (SRO)
Those belonging to the marginalised sections of the society were unable to pay their liabilities due to the sudden and stringent lockdown imposed to curb the spread of COVID-19.
The output value of China's sci-fi industry reached nearly 36.3 billion yuan ($5.6 billion) in the first half of 2021, according to an industry report.
Fresh surge in Covid infections could dampen MFI asset quality outlook: ICRA
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India reported more than 2 lakh fresh Covid infections on Thursday, with lockdown and weekend curfew announced in various states including Maharashtra and New Delhi. The second wave is likely to dent the sluggish recovery in consumer and corporate confidence.
Agencies As a result, the collection efficiency improved to nearly 102% in December 2020.
Renewed surge in coronavirus infections in India could further disrupt asset quality scenario for the micro-finance industry, domestic rating agency ICRA said on Thursday. The MFI industry which is already reeling under Covid related disruptions could see credit costs rise to 6-7% from 1.5% in FY2020.