Guwahati: 26 lakh women from Assam have taken the micro-finance loan from a total of 40 lenders on March 31, 2021, and the overall outstanding loan amount is Rs 12,500 crore.
It was revealed during a press conference held at Dispur this Friday, which was addressed by Ashok Singhal, Cabinet Minister of Assam who heads a committee formed under Assam CM Himanta Biswa Sarma.
The main aim of the committee formed, is to give relief to the borrowers, adding that loans sanctioned only till 31st March 2020 will be considered under a waiver scheme. Also, NPA loans before March 31 would not be taken into account.
The waiver of the micro-finance loan will strictly adhere to the rules of RBI and will have a fixed amount for the relief, Ashok Singhal said.
To date, out of the overall outstanding amount, 53% has been provided by banks, 22% by non-banking financial companies (NBFCs) and Microfinance Institutes (MFIs), 26% by small finance banks (SFBs), and 16 % by regular NBFCs.
The outstanding loans in every category including Rs 1,334 crore, Rs 2,456 crore, Rs 3,987 crore, Rs 1,398 crore, and Rs 2,358 crore taken by the customers have been provided under RBI Norms and will be considered as good loans.
Similarly, loans violating RBI norms will be called bad loans. Rest rules as per RBI, like family annual income less than 1lakh, are eligible for the micro-finance loan but it should be less than 24 months, ghost borrowing, over-borrowing, multiple landing, one beneficiary per self-help group, two for NBFCs and MFIs, all shall be considered this time while waiving the loan.
And further details shall keep arriving regarding total no. of borrowers and amount of outstanding loans as per meetings going to be held, Singhal adds.