Chennai: Loans for MSME and housing witness strong demand from tier III and IV areas, according to industry trends.
“We see an early green shoots of revival, the ease of lockdown restriction creating demand for credit in the semi-urban and rural areas as well as improving collections. Last month we achieved a pre-Covid level of disbursement and we see activity level going up. We believe the NBFCs with a strong balance sheet and adequate liquidity would benefit in the long run,” said Rajesh Sharma, managing director of Capri Global Capital Ltd.
“Other sectors like infrastructure finance, large ticket size lending and wholesale finance are bit under pressure”, he added.
“Major demand for home loans are coming from within tier III and IV towns, especially in the affordable housing segment where the cost of house is less than Rs 30-35 lakh,” said Shankar P, a finance expert.