Latest


Ashoka blames Cong govt for micro finance loan recovery mess

  •   Mon, Jan 27 2025 08:45:59 PM

From Our Special Correspondent

Daijiworld Media Network

Bengaluru, Jan 27: BJP Opposition leader in the Assembly R Ashoka has blamed the Siddaramaiah-led Congress government for the mess over the loan recovery and harassment of the people by the Micro Finance Companies.

Addressing a news conference in Vidhana Soudha on Monday, he said the failure of the government in not releasing loans as promised earlier was the reason for the people approaching micro finance companies for credit and their harassment over the recovery of loans at exorbitant interest rates had led to the people committing suicides.

If the government had released loans from different corporations, the present sorry state of affairs of people committing suicides unable to bear the harassment over recovery of loans would not have arisen, he alleged.

Ashoka claimed that the Congress government had slashed the allocations to Dr B R Ambedkar Development Corporation for the Ganga Kalyana Scheme and the Karnataka Adi Jambava Development Corporation’s self-employment scheme. The credit flow from Marashi Valmiki Scheduled Tribes Development Corporation had been suspended due to corruption.

The various development corporations have been subjected to slashing of funds to the tune of Rs 1,055 crore, he said pointing out that the government has deliberately reduced the allocations year after year unlike the BJP government in the past.

 

 

 
  

Top Stories

MAK Prime Square: Ultra-modern commercial space at State Bank, Mangaluru

  •   20 hours ago   

Comment on this article

  • Damodar Das, Kundapur

    Mon, Jan 27 2025

    Siddu can waive off loans given poor people and farmers if his cabinet decides unlike Modi waived off loans to his rich businessmen, some of who have absconded from India adding India’s national debt to Rs 200 Lakhs Crores which has deteriorated India’s economy, financial system and rupee depreciation significantly.

    DisAgree [2] Agree [8] Reply Report Abuse


Leave a Comment

Title: Ashoka blames Cong govt for micro finance loan recovery mess



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like