Is borrowing relief ending too soon? Post-lockdown income recovery and loan moratoriums in rural India
Augsburg, B. & Malde, B. 
ORCID: 0000-0003-1323-3383 (2021).
Is borrowing relief ending too soon? Post-lockdown income recovery and loan moratoriums in rural India.
Economic and Political Weekly, 56(2),
pp. 13-15.
Abstract
The Reserve Bank of India's loan repayment moratorium, announced at the end of March 2020 and extended to 31 August 2020, was conceptualised and implemented as a COVID-19 crisis-response measure. While the moratorium ended, the crisis has not. Findings from a survey of 1,452 rural microfi nance clients in Maharashtra, conducted in July-August 2020, show that a critical majority of borrowers continue to experience signifi cant income defi cits, and will not be in a position to service their debts for the foreseeable future.
| Publication Type: | Article |
|---|---|
| Additional Information: | This article has been published in its final form in Economic & Political Weekly, available at: https://www.epw.in/journal/epw-archive |
| Publisher Keywords: | COVID-19, moratorium, RBI, microfinance, repayment, poverty |
| Subjects: | H Social Sciences > HB Economic Theory R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine |
| Departments: | School of Policy & Global Affairs School of Policy & Global Affairs > Economics |
| SWORD Depositor: |
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