With rural areas impacted by Covid, MFIs face drop in collections
Surabhi
Mumbai |
Updated on
Stakeholders hopeful of recovery by end of June
With rural areas also impacted by the second wave of the Covid-19 pandemic, microfinance institutions (MFI) have been witnessing a drop in collections and expect further uncertainty but are hopeful that the situation may stabilise by the end of June.
“The situation was normal at least till the third week of April this year unlike April and May 2020 when there was a complete lockdown and no collections. Collections have now slowed down and they are only up to 20 per cent to 30 per cent of normal levels,” said P Satish, Executive Director of MFI association SaDhan.
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Man City clinch Premier League title after United loss
Man City clinch Premier League title after United loss
FOOTBALL: Manchester City were crowned Premier League champions for the third time in four seasons after Manchester United crashed to a 2-1 defeat against Leicester yesterday (May 11).
Wednesday 12 May 2021, 08:58AM
Manchester City fans celebrate their club winning the Premier League title outside the Etihad Stadium yesterday (May 11). Photo: AFP.
Pep Guardiola’s side are 10 points clear of second placed United and have wrapped up the title with three games to spare.
In the midst of a gruelling run of three games in five days, United manager Ole Gunnar Solskjaer effectively handed the title to arch rivals City by picking a weakened team with 10 changes.