Microfinance is now a trap for small borrowers, with deregulated interest rates weaponized by NBFC-MFIs for profit. Exorbitant 20%-35% rates exploit the poor, while regulators act too late. This isn’t financial inclusion—it’s legalized usury, pushing the vulnerable into deeper despair.

Image Extract from business line today
@DFS_India @FinMinIndia @AamAadmiParty @RahulGandhi @MahuaMoitra