Moneylenders only hope for India’s poor farmers
An inescapable cycle of debt is fuelling one of the worst agrarian crises facing India, a crisis that has seen some 150,000 farmers commit suicide since 1997
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I wonder what is the source of Krittivas's article. There are 34,000 money lenders - and they have lent money to more than 2,00,00,000 farmers. They account for nearly 30% of the rural cash flows - and more credit than all the banks put together. I wonder how many prostitutes these money lenders have - from their 2,00,00,000 farmer-borrowers. I think I am going to become a money lender myself.
Friend Krittivas, even Bollywood has stopped this kind of portrayal of money lenders now. Which era are you on. Apparently, the ghost of East India Company is alive, well and kicking.
Jago Mohan pyare. There is a new world out there. You dont have to grovel so hard.
Anuraag