Arohan Annual Report FY 20-21

In the Picture: Mr. Manoj Nambiar (Left) with the Honourable Chief Minister of Assam, Dr. Himanta Biswa Sarma (2nd from Left), June 18, 2021 eventful note, especially with months of May and June 2021. The RBI has unveiled a Relief Package 2.0 to help borrowers and lenders navigate the second wave of the pandemic in India, in early May 2021 by extending the tenure, providing moratorium and even providing extra credit to eligible customers On June 14, 2021, the RBI has placed in the public domain a discussion paper on harmonising microfinance guidelines across all types of lender viz. banks and non-banks. This is quite radical and a paradigm shift in terms of deregulation across various operating guidelines, including freeing up of pricing based on a model and a board approved policy. In addition to this, Assam became the first state in India to work with the microfinance lenders led by MFIN, our sector Self-Regulatory Organisation, to unveil a first-ever MFI Relief Scheme in the country. This will benefit lakhs of borrowers and is intended to reinforce regular repayment and credit discipline by incentivising prompt payment and giving relief to genuinely stressed clients. This will be funded by the state government to the extent of INR 8,250 Cr. The Honourable Central Finance Minister also announced a set of measures on helping various sectors to regain normalcy. In her address, MFIs were specially focused with a credit guarantee scheme of upto INR 7,500 Cr across three years to reassure banks to lend to MFIs and help make credit accessible toover 25 Lakhendbeneficiaries. With interventions as listed above, I wish to thank our Central and State governments for their focus on Financial Inclusion, the RBI, our regulator, for its progressive policies, our Promoters, for their confidence in this business, our esteemed Board for their valuable guidance and support, the Executive Committee and the Senior Management Team for their inspired efforts and all the 6,800 employees for their hard work and dedication in these trying times leading us to where we are today. We have a difficult task ahead this year to catch up on our 20 by 2025 Vision, but I am confident that with our focus, hard work and dedication we will make it happen: Hum Honge Kamyaab! Wish you all a great year ahead – professionally and personally. Warm regards, Manoj Kumar Nambiar Managing Director Managing Director’s Ad d ress 9