This article discusses the impact of the COVID-19 pandemic on microfinance borrowers in Tamil Nadu, India. Through an examination of the social and financial infrastructures underpinning inclusive finance, the article demonstrates how the COVID-19 pandemic exposes the limits and exclusionary tendencies of the for-profit financial inclusion industry. The unequalizing breakdown of financial inclusion infrastructures during the pandemic prioritizes future revenue extraction over current livelihood needs, throwing hard-hit borrowers back on hierarchical informal financial and social infrastructures to cope with COVID-19-induced risk. Tracing the experiences of poor microfinance borrowers in Tamil Nadu, this article examines how COVID-19 is reshaping inclusive financial infrastructures in ways that reveal the dynamics of exclusion at the heart of financial inclusion.

中文翻译：

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COVID-19 和泰米尔纳德邦金融包容性基础设施的不平等

本文讨论了 COVID-19 大流行对印度泰米尔纳德邦小额信贷借款人的影响。通过对支撑普惠金融的社会和金融基础设施的考察，本文展示了 COVID-19 大流行如何暴露了营利性普惠金融行业的局限性和排斥倾向。大流行期间普惠金融基础设施的不平等崩溃使未来的收入提取优先于当前的生计需求，使受灾严重的借款人重新依赖等级森严的非正式金融和社会基础设施来应对 COVID-19 引起的风险。追踪泰米尔纳德邦贫困小额信贷借款人的经历，