The sector was hit as borrowers-generally small sized loans from the bottom of the pyramid were adversely impacted in their ability to repay loans. This was due to job and income losses arising out of pandemic induced lockdown throughout the country creating economic disruptions.source https://economictimes.indiatimes.com/industry/banking/finance/banking/mfi-portfolio-rose-8-4-per-cent-in-fy21-report/articleshow/83610274.cms
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