logo

Banner

News Details
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.

facebook twitter twitter

Get In Touch


PTI Building, 4th Floor,
DP-9, Sector V, Salt Lake,
Kolkata 700 091

Phone: +91 33 40156000

We would love to get in touch with you and send you exclusive offers, information and newsletters by email, post, SMS, phone and other electronic means. We'll always treat your personal details with the utmost care and will never share them with other companies for marketing purposes.

Yes
No
send