19-January-2022
Banking
 
Rural microfinance: Loans disbursed witness degrowth by value, volume in FY21, says report
14-Jan-2022

Credit and Finance for MSMEs: Rural microfinance loans, which constitute 58 per cent of the overall microfinance credit market in India, dipped by value and volume in FY21. While degrowth of 9 per cent was witnessed in loans disbursed by value, the volume also declined by 19 per cent amid pandemic, according to CRIF and CII Rural Business Confidence Index October 2021.

News Source:- https://www.financialexpress.com/industry/sme/msme-fin-rural-microfinance-loans-disbursed-witness-degrowth-by-value-volume-in-fy21-says-report/2406114/