No appeasement with microloan waivers, Assam thinks of rewards

In parallel, the state has identified that out of the ₹12,500 crore of micro-loans, about ₹4,000 crore was given to borrowers flouting the Reserve Bank of India's microfinance lending norms. Microfinance lenders would have to waive these loans and, therefore, that would hit their asset quality.

from News-Economic Times https://ift.tt/3d0RjBL