Microfinance: How to manage borrowers of non-income generating loans
Traditionally, microfinance loans in India have been earmarked for income-generating activities, officially accounting for about 95% of all loans disbursed.
Traditionally, microfinance loans in India have been earmarked for income-generating activities, officially accounting for about 95% of all loans disbursed.
In fact, the rise in fast-moving consumer goods (FMCG) sales and inflated agriculture incomes in Q1 FY24 has also evidently provided momentum to the rural economy