Microfinance loan portfolio to grow at 10-15%: Report
The Hindu
Normalcy is expected to resume in FY2021-22, which will result in release of pent-up demand for credit
The gross loan portfolio of Non-Banking Finance Companies-Microfinance Institutions (NBFC-MFIs) is likely to grow at 10-15% in the current fiscal year, aided by an expected pick-up in disbursements and the expected recovery in economic activity, said a report on August 10. The gross loan portfolio of NBFC-MFIs is expected to grow largely owing to expansion plans that were halted due to the COVID-19 pandemic and increased need for credit among low-income segments, according to a report of Bengaluru-based Brickwork Ratings.
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