Microfinance in India
Syllabus: Economy Source: BL Context: The RBI Deputy Governor flagged a rising crisis in India’s microfinance sector, citing a sharp fall in the gross loan portfolio (13.9%) and surge in delinquencies and NPAs (₹55,000 crore). About Microfinance in India: What is Microfinance in India? Microfinance refers to small-ticket financial services (loans, savings, insurance) extended to …








