Home Economy MFIs seeks govt support to tide over challenges
Economy - January 8, 2025

MFIs seeks govt support to tide over challenges

MFIs seeks govt support to tide over challenges

Microfinance institutions are asking for dedicated funding and government support to tackle challenges. They highlight the need to address unregulated entities and push for Aadhar to be a necessary KYC document. The sector is showing stress with increasing delinquencies, and the RBI's report notes growing borrower indebtedness and rising average ticket size of loans.

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