Again just like it happens on the savings accounts where banks are offering just 2.5% even though their NIMs are going up I think the time is for the banks to increase the interest levels for the customers rather than ask for the government to give a tax dole out.
Microfinance lending dips as uneven monsoon alters the landscape
India’s microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and lender caution grew. The sector’s