Usurious moneylending, or kandhu vatti, has always been a nightmare in Tamil Nadu. “When he/she defaults on payment, they and their contacts start getting messages and calls that are sometimes abusive and threatening in nature,” said a police officer. “They started to impose ₹100 to ₹200 as interest for every day after the stipulated seven days,” Mr. Puthiyavan said. These …
As the protests against the new farm Acts intensify, farmers are clearly articulating their demands in their protracted engagement with the government. In fact, in Punjab, some large farmers even provide funds to arhatiya s at 12 per cent annual interest so that they can lend to small and marginal farmers as a business proposition. Although there are arhatiya s …