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The government’s support to the microfinance sector won’t change its fortunes

The ease of credit will certainty help but for sustained improvement, the supply side measures need to be accompanied by demand revival

June 29, 2021 / 09:58 AM IST
The government’s support to the microfinance sector won’t change its fortunes

In November 2020, the Union Cabinet approved the PLI scheme for 10 sectors.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The finance minister on Monday released another relief package to mitigate the economic fallout of the second wave of the pandemic. The package specifically aims to support the sections of the economy at the bottom of the pyramid. Most announcements are a continuation of previous packages, such as the enhancement of the ECGLS (Emergency Credit Line Guarantee Scheme) and focused on availability of credit to distressed sectors and the most vulnerable. Specific assistance has been extended to the microfinance...

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