Tag: Indian farmers driven to debt

Indian farmers driven to debt as banks turn risk-averse during pandemic

MUMBAI – Last month, Dnyaneshwar Siddhanth, a farmer from Maharashtra, was in desperate need of money to buy seed and fertilizer as the monsoon sowing season approached. But after being rejected by his bank for a loan despite several attempts, Siddhanth finally borrowed 150,000 Indian rupees ($2,021) from […]

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