MFIs are set to resume operations in orange, green zones


PTI|

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.

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Demand for microfinance will increase eleven MFIs starting full operations after the shutdown is lifted, MFIN said.

Kolkata: Nearly 88 lenders belonging microfinance industry preparing to resume operations in green and orange zones, Microfinance Institutions Network (MFIN) said Monday. The lenders will comply with all COVID-19 health and safety precautions, industry associations for MFIs said in a statement.

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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