Arohan Financial Services Limited | Annual Report 2022-23

Navi g a t i n g t h e Sky Cruising growth in the rapidly changing landscape of the industry The evolution of the microfinance industry in India over the years, especially after the global pandemic has been exceptional and inspiring. It is slowly taking centre stage in boosting the USD 5 trillion economy dream of the country. With the enabling efforts of the industry, the Government of India, as well as, the Reserve Bank of India, Arohan too has evolved stronger since the pandemic, leveraging opportunities and leading transformation in the industry landscape, thus shaping up its ‘next’. India’s microfinance industry has grown rapidly over the last two decades, providing affordable and accessible financial services to millions of people. The sector has been instrumental in empowering low-income individuals, providing them with access to capital, and helping them create livelihoods for themselves. With the enabling support of the Reserve Bank of India (RBI), the Indian microfinance sector’s role outshone especially during the difficult two-year span of the global pandemic, in addressing the issue of financial exclusion and has, over the years, helped bridge the gap between the rich and the poor. With the government’s continued support and the increasing use of technology and digitalisation, the sector is poised for sustained growth, widespread financial inclusion, and positive social outcomes. Management Discussion & Analysis Annual Report 2022-23 | 30