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Bank loans to microfinance, telecom, jute and tea firms shrink in Apr-Dec Banks’ credit to the microfinance, telecom, jute and tea sectors shrank in April-December 2011, as lenders turned cautious with economic slowdown and regulatory challenges.
Microcredit dues fell to Rs 21,000 crore in December from Rs 26,900 crore in March 2011, according to Reserve Bank of India data. In April-December 2010, micro-credit had grown 32.2 per cent.
Banks have been reluctant to lend
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