Suicide among farmers and role of MFIs
Both, in the assembly and media, the Opposition is blaming the state government, including its loan policy and packages for development of agriculture. But no one is talking about the role of MFIs that are into pre-loan appraisal for disbursement.
SERIAL SUICIDES by farmers in Orissa has affected the state badly and tainted the image of the state government. Both in the assembly and in the media, the Opposition parties are blaming the state government, including its loan policy and its packages for development of agriculture.
However, no one seems to be talking about the role of Micro-Finance Institutions (MFI). According to the media, many farmers took loans from various MFIs. They have also taken loans more than once, which is evidence of successful repayment of past loans.
All these MFIs are into pre-loan appraisal for disbursement of loan. They are sanctioning the loan amount on calculation based on the planned income of the family.
To avoid multiple client and multiple defaulters, Orissa does not have a directory of microfinance clients till date.
All these MFIs are into pre-loan appraisal for disbursement of loan. They are sanctioning the loan amount on calculation based on the planned income of the family.
To avoid multiple client and multiple defaulters, Orissa does not have a directory of microfinance clients till date.
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