An estimated 3 million bottom-of-the-pyramid borrowers have lost access to formal financing over the past nine months, raising concerns that regulatory tightening is diluting India’s financial inclusion push. The shift appears to be hitting lower-income borrowers hardest, potentially reversing gains made by fintech and lenders in expanding credit access to underserved communities.
Swipe through stories, personalise your feed, and save articles for later — all on the app.