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Economy News

The Economic Times

Economy / The Economic Times

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At bottom of the pyramid, 21 million small borrowers have dropped out

Twenty-one million small borrowers exited formal finance. Lenders stopped new loans to those with overdue payments after a microfinance crisis. Many have returned to private moneylenders. This trend reflects tighter lending rules and market contraction. Loan disbursements saw a recent increase, indicating a slow recovery.

17 Mar 2026 12:54 am