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VERIFIEDET Finance·negative
Over-leveraged borrowers put Rs 15,800 crore microfinance portfolio at risk
AI Summary
- ·Over-leveraged borrowers have accumulated approximately Rs 15,800 crore in microfinance debt.
- ·These borrowers are struggling with repayment and are often ineligible for new loans.
- ·The risk of defaults poses a significant threat to the microfinance sector.