After chit fund scams, microfinance debt trap exploits Bengal villagers
The microfinance companies have trapped the poor villagers of West Bengal in their obnoxious debt trap as these people have no access to institutional credit.
debt
SVAMITVA scheme: A debt trap for farmers that can’t be ignored
There is little discussion on the SVAMITVA scheme under which the farmers will be entrapped in debt and corporates are going to profiteer.
The debt matters: No more borrowing in the name of COVID-19 please
India’s government debt to GDP ratio is alarming. If the Modi regime borrows more during the COVID-19 pandemic it will drive the people to a catastrophe.