Covid‐19 pandemic
Challenges and ways forward for the Indian microfinance institutions
Bibliographic Data
| ID | 12705353 |
|---|---|
| Authors | Sunil Sangwan (0000-0002-2398-3180, Department of Basic Sciences Indian Institute of Information Technology Una Himachal Pradesh India, corresponding author), Narayan Chandra Nayak (0000-0003-0416-6860, Department of Humanities and Social Sciences Indian Institute of Technology Kharagpur West Bengal USA), Vikas Sangwan (0000-0002-7547-3406, Department of Industrial and Management Engineering Indian Institute of Technology Kanpur Uttar Pradesh India), Ashis Kumar Pradhan (0000-0003-0876-805X, Department of Humanities Maulana Azad National Institute of Technology Bhopal India) |
| Year | 2021 |
| Volume | 21 |
| Issue | 4 |
| Pages | e2667-e2667 |
| Publication date | 2021-03-21 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Public Affairs (JOURNAL) |
| Journal identifiers | ISSN: 1472-3891 • E-ISSN: 1479-1854 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/pa.2667 |
| PMID | 34230814 |
| OpenAlex | W3136822978 |
| Language | EN |
| Citations received | 3 |
| References cited | 3 |
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
2019-20 coronavirus outbreak · Business · Coronavirus disease 2019 (COVID-19 · Development economics · Economic growth · Economics · Infectious disease (medical specialty · Microfinance · Pandemic · Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2 · FinTech, Crowdfunding, Digital Finance · Medicine · Microfinance and Financial Inclusion · South Asian Cinema and Culture · Internal Medicine · Virology
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,6 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |