The tentacles of moneylending run deep

ChinmayaIAS Academy - Current Affairs August 25, 2018 Economy, GS-III Leave a comment 530 Views

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

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