MONEYLENDING

  • Bonanza for farmers, to get loans at 4 per cent February 28, 2011

    New Delhi: In a bonanza to the farming community, the government on Monday announced loans at interest rate of four per cent three per cent less than market rate for farmers who pay their dues in time and raised the credit target for farm sector by Rs 1...
  • Moneylender 'sets' farmer ablaze June 19, 2007

    Akola (Maharashtra): A cotton farmer in Akola is fighting for survival in hospital after being set ablaze allegedly by a moneylender. Mohan Bhati's father had taken a loan of Rs 50,000 from the moneylender in 1998. Mohan says the loan has been repaid, but this is what he was made to...
  • Moneylenders and their nexus in Punjab February 10, 2007

    Moonak (Punjab): Karza and aartiya are the words one hears again and again in this town. For Harvans Lal Bansal, who is an aartiya or a traditional moneylender and commission agent, business started booming after the Green Revolution. They (farmers) have started depending on the moneylenders for all their requirements. They...