Improving collections, growth revival provide solace to MFIs: ICRA

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    New Delhi, April 15 | Improving collection efficiency and growth pick-up in H2FY21 is expected to help the MFI industry’s long term prospects, ratings agency ICRA said on Thursday.

    However, incremental covid-19 related disruptions remains a concern.

    “The overall long-term growth outlook for domestic microfinance industry, including microfinance institutions and micro finance focused small finance banks (SFB)s, remains robust, even though the near-term outlook is clouded given the Covid-19 induced disruptions,” ICRA said.

    “The onset of lockdown restriction and the moratorium on loan repayments extended to borrowers had led to the industry recording negligible collections in April 2020, but the situation improved gradually over the subsequent months with easing of restrictions and pick-up in economic activity.”

    As a result, the agency pointed that collection efficiency improved to 102 per cent in December 2020.

    “The disbursements also started picking up from Q2 FY2021 onwards, which is expected to help the industry achieve growth of 9-11 per cent in its assets under management (AUM) in FY2021.”

    Consequently, the trend provided some respite to the industry, which has been reeling under the stress induced by Covid-19.

    In an ICRA’s study sample of 20 MFIs indicated that the liquidity flow to the sector has improved over the last few months and overall Rs 22,900 crore were raised in 9MFY21.

    It further said that industry witnessed reduction in its overall cost of funds during this period, however, despite this; the industry is expected to witness reduction in net interest margins (NIMs), owing to reduced interest income with portfolio growth happening only towards H2FY21 and negative carry because of excess on-book liquidity.

    In addition, increased recovery efforts are expected to negate the impact of the expense optimisation efforts to some extent and put pressure on the operating profitability.

    “ICRA estimates asset quality pressures for the MFI industry to continue in the near term and the same may get accentuated with the recent increase in Covid-19 infections and localised restrictions or lockdowns,” said Sachin Sachdeva, Vice President and Sector Head, Financial Sector Ratings, ICRA.

    “Nevertheless, improving collection efficiency, good on-balance sheet liquidity and capitalisation should help most entities to withstand the stress.”

    Source: IANS

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    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.

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