Several borrowers in Karnataka have committed suicide in January 2024 due to alleged harassment by microfinance institutions and money lenders over debt issues. Police have arrested around 50 individuals associated with these lenders, taking tough action to combat the exploitation and abusive practices in loan recovery.Karnataka: At 4, borrower suicide toll in January equals entire 2024 figure
Several borrowers in Karnataka have committed suicide in January 2024 due to alleged harassment by microfinance institutions and money lenders over debt issues. Police have arrested around 50 individuals associated with these lenders, taking tough action to combat the exploitation and abusive practices in loan recovery.
