Last updated: 04 May 2020, 17.05 IST
summary The lenders have also agreed to extend the three-month moratorium that RBI delivers on loans to borrowers, the statement says, adding that collections will only be made from customers who have opted out.
However, it did not specify when the MFIs would resume operations.
Lenders have also agreed to extend the three-month moratorium provided by RBI On term loans to borrowers, the statement says, adding that collections will only be made from customers who have opted out.
Demand for microfinance will increase eleven MFIs starting full operations after Lockdown is lifted, MFIN said.
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