Household Income and Repayment Criteria Earlier, a microfinance borrower of an NBFC-MFI was identified by the annual household income of maximum 1.25 lakh for rural and 2 lakh for urban and semi-urban areas and the limit of 1.25 lakh on loan amount was prescribed for the individual borrower.
The high oil prices would themselves cut into demand growth and tend to stabilize the system. If the demand growth is foreign, say from China and India, this feedback effect is still present but damped. Even foreign demand for oil might be influenced by reduced demand growth in the United States and its trading partners.