MFIs' qualifying asset threshold has to be lowered, says Alok Misra

'MFIN has been pushing its members to do daily reporting to credit bureaus', said Misra

Micro-finance institutions (MFIs) have battled the economic fallout of the pandemic and are on a major rebound. Delinquencies and collections are back to their pre-Covid levels, and data from most states are indicative of the same. Edited excerpts from an e-mail interview with Alok Misra, chief executive officer and director of the Microfinance Institutions Network with Raghu Mohan:

Why do you think the 85 per cent qualifying assets norm for micro-finance institutions (MFIs) needs to be revisited?

We have to look at this norm from two angles: historical and the current situation. This definition came in the wake of the Y H