In this present scenario we can observe a sea level change in the Micro Finance Sector. Microfinance is an important instrument for both Lenders as well as Borrowers. Growth of Microfinance in India contemplates rapid increase in the demand of credit, savings, insurance and remittances. Due to the timely verge such as Financial Inclusion, Aadhar Enabled Payments, Business Correspondent Model and Pradhan MantriJan DhanYojana taken by Government of India, the coverage of Microfinance Institutions are growing. Non-Performing Asset is considered as one of the best indicator of financial health of financial institutions.  During COVID-19 Non Performing Assets of Microfinance in India has become a major concern for Microfinance Institutions. COVID-19 flicks the whole Indian economy in terms of growth and development. Before COVID-19 hit economy was already facing crisis related to cash flows.COVID-19 crisis becomes a big challenge for Microfinance institutions as well as for lenders and borrowers. This paper is an attempt to find out the various factors for the growth of Microfinance during Pre and Post COVID-19, to examine the various reasons for effect on Non-Performing Assets of Microfinance Institution during Pre and Post COVID-19 to assess the critical analysis on Non-Performing Assets of Microfinance Institution and examine the impact of Pre and Post COVID-19 and to suggest various parameters for better control on Non-Performing Assets of Microfinance Institutions.

KEYWORDS: Non Performing Assets, Microfinance, COVID-19.