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The Economic Times

Economy / The Economic Times

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Bihar microfinance bill may spoil the sector's recovery

Bihar's new microfinance law could disrupt the sector's recovery. The bill limits borrowers to two lenders, a change from the industry norm. This move may lead to increased loan defaults, mirroring past issues in Karnataka. Experts anticipate a cautious approach from lenders. Microfinance bodies are launching outreach programs to ensure borrowers remain engaged and repay loans on time.

27 Feb 2026 9:16 pm