Assam microloan waiver likely for defaulting borrowers only

The scheme is expected to cover only the delinquent loans, people familiar with the matter said. The size of the state’s microfinance sector is about Rs 10,900 crore, fallen from Rs 12,000 crore seen in 2019. About 32% of this loan remained overdue for more than 30 days. Going by this portfolio at risk ratio, the size of the debt waiver could be Rs 3,500 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/3v96MGt