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MICRO LOAN DEFAULT
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...- Risks cloud hover over microfinanceThe Reserve Bank of India, too, raised concerns over higher inflation due to low average rainfall and supply chain disruptions due to geopo...
- Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...
- Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisisBanks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industri...
- IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-backIDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This...
- PSBs told to draw up plan to boost rural and informal sector lendingGovernment directs state-run banks to identify successful initiatives for wider adoption. The focus will be on lending to unorganised secto...
- ECLGS 5.0 set to boost mid-sized banks with strong MSME focusThe new Emergency Credit Line Guarantee Scheme 5.0 is set to boost mid-sized banks. These banks have a larger share of loans to micro, smal...
- Relief now, risk later? ECLGS 5.0 aims to ease MSME stress, industry flags risks in moratorium termsECLGS 5.0 is meant to cushion MSMEs from the impact of the US-Iran war, but will it really help small businesses, industry questions.
- Assuring credit is spread well, in timeIn a bold move to bolster the economy, the Indian government is injecting an additional ₹2.55 lakh crore in credit specifically aimed at sm...
- US stocks today: Oracle, CoreWeave lead AI selloff on OpenAI growth concernsShares of AI companies fell on Tuesday. OpenAI reportedly missed user and revenue goals. This has sparked worries about its ability to fund...
- How secured loans can open new doors to credit-based growth for MSMEsSecured loans offer MSMEs a pathway into the formal credit system, eliminating the need for years of audited financials or a long operation...
- PMMY drives micro enterprise growth, boosts women-led businesses in IndiaIndia's Pradhan Mantri MUDRA Yojana has empowered countless micro-enterprises. This scheme provides collateral-free credit, fostering growt...
- Defaults on the rise in micro loans over propertyAccording to the report, delinquency levels in the micro-LAP segment rose by 45 basis points (bps) year-on-year to 3.3% as of September 202...
- Default ratio in micro loans rises following Karnataka's new ordinanceDefault ratio in micro loans increased in Karnataka following the promulgation of an Ordinance to regulate microfinance activities, as repo...
- MFIs in no mood to buy cover despite rising asset quality stress, seek lower chargesMicrofinance lenders hesitate to adopt the Centre's credit guarantee cover due to high costs and stringent audit processes. While some lend...
- Lenders force small and medium-sized micro-financiers to park fixed deposits with themThe government in June announced a new credit guarantee scheme covering 75% of bank loans to MFI in case of defaults. The National Credit G...
- Govt increases loss coverage for micro loan defaults to 75% from 50% earlier“It will incentivise lending institutions to give credit as their losses from defaults on loans will be protected to the extent of 75%,” sa...
- 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...
- Credit bureaus help Microfinance institutions bring down loan defaultsMFIs have been able to bring down the rate of loan defaults three years after an Andhra Pradesh crackdown led to a crisis in the industry.
- Avendus Capital buys 84% of Tamil Nadu Grama Vidiyal Micro Finance Co's loan assetsAvendus Capital has bought a major chunk of the Rs 10.8 cr loan portfolio of Tiruchi-based firm in the securitisation deal arranged by IFMR...
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