Another suicide due to alleged harassment
October 13th, 2010 - 9:03 pm ICT by IANSHyderabad, Oct 13 (IANS) Another person committed suicide Wednesday due to alleged harassment by a micro finance institution (MFI) in Andhra Pradesh, prompting an attack by Communist activists on the office of another MFI.
According to police, a borrower identified only as Balanarsu ended his life by consuming pesticides, alleging that employees of MFI Spandana were harassing him to repay the loan.
The incident took place at Annaram in Machareddy mandal of Nizamabad district.
This is the latest in a series of suicides linked to harassment by MFIs. An emergency meeting of the state cabinet has been convened Thursday to take a decision on issuing an ordinance to check the illegal activities of MFIs.
More than 25 people have committed suicides in the state in last two months allegedly due to harassment by MFIs.
Minister for Rural Development Vatti Vasanta Kumar held a video conference with district collectors and women’s self-help groups (SHGs) to take stock of the situation.
The SHGs complained that the government had failed to provide them loans, forcing them to approach MFIs.
Meanwhile, activists of the Communist Party of India (CPI) attacked and ransacked the office of a MFI in Warangal town.
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- Self-help groups to get loans at lower rates: Jairam Ramesh - Jun 21, 2011
- Andhra takes measures to rein in micro-finance firms - Oct 14, 2010
- Small borrowers rely on moneylenders: Study - Oct 11, 2011
- Protests against finance firms as two more commit suicide - Oct 11, 2010
- Andhra passes bill to regulate micro-finance institutions - Dec 15, 2010
- Andhra proposes non-banking finance body for self-help groups - Jun 21, 2011
- Andhra to bring bill to check harassment of borrowers - Oct 12, 2010
- SKS Microfinance trims loan book by another Rs.354 crore - Feb 27, 2012
- Telangana shutdown hits life in region (Lead) - Mar 27, 2012
- Farmer suicides spark Bengal political storm (West Bengal Newsletter) - Jan 22, 2012
- SBI eyeing Rs.3 lakh crore rural deposits by fiscal-end - Feb 06, 2011
- Nabard's Rs.15 bn fund to help women's self-help groups - Apr 14, 2012
- Jagan begins Telangana visit amid sporadic protests - Jan 10, 2012
Tags: activists, committed suicide, communist party of india, CPI, finance institution, harassment, illegal activities, last two months, loans, mandal, mfi, micro finance, pesticides, rural development, self help groups, spandana, state cabinet, stock, suicides, video conference