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 21, 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 June 20, 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...