Microfinance industry to witness disruptions from COVID surge: ICRA

NEW DELHI: Covid resurgence is expected to further disrupt the microfinance industry, ratings agency ICRA said. According to ICRA, risk perception for the microfinance industry remains high as Covid-19 pandemic is still not under control. "Though some states have classified the microfinance industry as an essential activity, the cash flows of borrowers may be affected due to the restrictions or lockdowns, thereby affecting their repayment ability. Moreover, the risk of infections spreading faster in other regions and increased restrictions/lockdowns in more places persists, which would impact collections. (IANS)

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