As cash piles up in rural India, this lender laughs all the way to the bank

Government policy, including buying farm products at higher-than-market prices along with a bigger budget aimed at boosting the rural economy, is already benefiting Mahindra Financial. The lender, which has a presence in about 330,00 villages, forecasts bad loans will continue to shrink as clients’ financial health strengthens. Signaling an improvement, the firm’s net income doubled for the 12 months through March after falling for three straight years.
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