Covid-19 pandemic: Challenges and ways forward for the Indian microfinance institutions.

Autor: Sangwan S; Department of Basic Sciences Indian Institute of Information Technology Una Himachal Pradesh India., Nayak NC; Department of Humanities and Social Sciences Indian Institute of Technology Kharagpur West Bengal USA., Sangwan V; Department of Industrial and Management Engineering Indian Institute of Technology Kanpur Uttar Pradesh India., Pradhan AK; Department of Humanities Maulana Azad National Institute of Technology Bhopal India.
Jazyk: angličtina
Zdroj: Journal of public affairs [J Public Aff] 2021 Nov; Vol. 21 (4), pp. e2667. Date of Electronic Publication: 2021 Mar 21.
DOI: 10.1002/pa.2667
Abstrakt: To contain the spread of the Covid-19 pandemic, the mandated social distancing and restricted market activities have adversely affected the employment and earnings of the poor who are considered the targeted beneficiaries of the Microfinance Institutions (MFIs). The MFI operation and more specifically fresh lending are under serious threat as the mode of operations primarily involve physical interaction while distributing credits at the clients' doorsteps, conducting periodic group meetings and carrying out regular collections. This short article attempts to analyze the various challenges that MFIs may encounter in their current and future operations due to the ongoing pandemic. It discusses how the government initiated coping mechanisms may help MFIs overcome or minimize the pandemic challenges. At the same time, MFIs' efforts towards continued services are expected to create a win-win situation.
(© 2021 John Wiley & Sons Ltd.)
Databáze: MEDLINE
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