India's microfinance sector has been facing challenges like over-borrowing & regional stress. Spandana Sphoorty, a 20-yr-old micro-credit company, reported a Rs 216 cr loss in Q2 FY25.
With predatory digital lending practices drawing attention, it’s crucial to look at the funding and regulatory environment within which the sector operates.
Proposed changes divert the borrower away from informal lenders and also show the RBI’s intent of giving the NBFC-MFIs a level-playing field in the financial system.
In a country where unemployment is at a historic high, the national anxiety isn’t about jobs — it’s about reach. Aspirations have shifted from employment to engagement, from careers to content.
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