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2021-06-01-08-27-30-1. Milind Nare.jpg
Article by Milind Nare in The Economic Times | Rise on the resurgence of NBFC-MFIs post COVID-19

Milind Nare, Chief Financial Officer, Arohan, part of the Aavishkaar Group recently wrote an article for ET Rise on the resurgence of the microfinance industry post COVID-19 and the role the industry plays in ensuring confidence and credit at the grassroots. In the article, he talks about the need for managing liquidity risks with operational efficiencies. “While any disruption of this magnitude unsettles business models, it also opens opportunities for formidable players. Unlike other businesses, the demand for microfinance is expected to grow manifold and hit the roof as most of the customers would have exhausted their meager savings for consumption during the COVID-19 period. Due to muted cash flows, they will require additional funds to restart their businesses and restore normalcy reminiscent of the pre-COVID era. The NBFC-MFI industry is there to shoulder this responsibility and support nation-building with its focus on financial inclusion,” quotes the article. To read the entire article click HERE.

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