G Venkatasubramanian trots out some astonishing numbers. Over the last 15 years, he and his fellow researchers at Pondicherry’s French Institute have been studying debt bondage among families in 20 villages in Tamil Nadu. Half of these settlements are in the coastal district of Cuddalore, and the others are in the adjoining district of Villupuram. […]
a few months ago, papers and tv channels in andhra pradesh began reporting that women who had taken loans from microfinance companies were killing themselves. after 2005-06, when there had been similar reports of suicides amongst MFI borrowers back in 2005-06 (see this), this was the second such outbreak. the whole thing was surprising. while media […]
Despite the doubling of agricultural credit in recent years and several efforts from the government towards financial inclusion, the number of farmers borrowing from moneylenders has risen to levels not seen since independence, says a task force headed by Nabard chairman U C Sarangi.