The tentacles of moneylending run deep

Non-institutional moneylending at exorbitant interest rates is a complex phenomenon, with different facets in different regions. While the Karnataka government on Friday announced one-time discharge of loans availed from moneylenders through Debt Relief Bill, 2018, implementing this is a tough task, given the nature of rural lending.

Source : https://www.thehindu.com/todays-paper/the-tentacles-of-moneylending-run-deep/article24783052.ece

About sree nivas

Check Also

Struggle to Eliminate Fossil Fuel Subsidies

Context (TH) Despite a global consensus on combating climate change, fossil fuel subsidies persist as …

Leave a Reply

Your email address will not be published. Required fields are marked *