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ASSAM MICROFINANCE CRISIS
RBI’s new guidelines to make microfinance strongerUnlike the earlier definition that distinguished between rural and urban, RBI has now set a common household limit of Rs 300,000 for loans ...04 Apr, 2022, 02.25 PM IST- Microfinance sector battles coronavirus pandemic to grow 17% year-on-yearThe combined micro credit portfolio of all lenders stood at Rs 2,47,839 crore at the end of FY21 with banks accounting for 44% of the marke...28 May, 2021, 05.38 PM IST
- Government will waive loans taken by poor women: Himanta Biswa SarmaOpposition Congress has promised waiver of loans taken from MFIs if the party is voted to power in Assam in the upcoming assembly polls. As...23 Feb, 2021, 10.34 PM IST
- Assam govt to waiving loan taken by women from micro finance institutionMFI lending in poll-bound Assam has become an election issue, while BJP led government brought set of regulations to regulate the MFIs, opp...10 Jan, 2021, 08.07 PM IST
- Microfinance lending an election issue in Assam, Congress promises complete waiver of loan if voted to powerMicrofinance institutions (MFI) lending in poll-bound Assam has become an election issue, while BJP led government brought set of regulatio...01 Jan, 2021, 08.15 PM IST
- Assam government tables bill to regulate MFIs, protect and relieve the economically vulnerable groups and individualsThe bill stipulates that lenders shall ensure that a borrower who has existing loans from not more than two lenders and the current cumulat...28 Dec, 2020, 09.14 PM IST
- Assam cabinet proposes to come up with a new act for microfinance institutionsAssam industry minister, Chandra Mohan Patowary after the cabinet meeting said, “New Act proposal for micro-financial institutions in line ...13 Dec, 2020, 07.09 PM IST
- MFIs require about Rs 8,500-10,000 crore for keeping growth intact: ICRAICRA said the MFIs would need the capital for growing at a rate of 15-20% pa over the next three years and absorbing high levels of anticip...04 Nov, 2020, 06.04 PM IST
- Govt will bring a law barring agents from going to the home of borrowers for recovery of debt: Himanta Biswa SarmaLast year Assam saw a spate of loan defaults and stress in rural households, raising the spectre of repayment crisis that hit Andhra Prades...28 Oct, 2020, 08.51 PM IST
- Diligent borrowers need to be kept away from credit flow-slowing loan waiver politics"Blanket loan waiver does not serve any purpose at the end of the day. Whenever governments announced such a move, it's the credit flow whi...02 Oct, 2020, 11.46 PM IST
- Microfinance gets another blow amid coronavirus pandemicPoor are the most lucrative to lend in good times, but when the tide turns, they submerge and take along those who lent to them While the m...01 Apr, 2020, 08.17 AM IST
- Lenders in Assam may be staring at 8% irrevocable bad loans in state portfolioThe repayment crisis in upper part of the northeast state begun in November when protesters demanding ban against microfinance activities i...01 Jan, 2020, 05.23 PM IST
- Assam opposition leader Debabrata Saikia wants law to protect poor from microfinance crisisAn internal study conducted by Microfinance Institutions Network (MFIN), which is the self-regulator for the sector, shows that indebtednes...23 Nov, 2019, 02.32 PM IST
- MFIs stare at repayment crisis in rural AssamMired in debt Assam micro borrowers’ indebtedness is more than double the national average.22 Nov, 2019, 09.00 AM IST
- Stress in rural households and loan defaults create woes for microfinance sector in AssamVarious organisations in the upper part of the northeastern state have joined the chorus seeking an inquiry into the operation of microfina...21 Nov, 2019, 11.05 PM IST
- Sidbi offers Rs 30 crore support to microfinance companiesSidbi has committed 30% of its Rs 100-crore microfinance development fund to some of the country’s poorest microfinance companies27 Mar, 2012, 01.55 AM IST
- MFI Basix boss, Vijay Mahajan goes on 12-state padyatraBasix chief goes on padyatra across 12 states to check ground reality as MFIs struggle to retain pro-poor image.10 Feb, 2011, 02.41 AM IST
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