Women Charge Sheet the Union Govt, RBI, NBFCs and MFIs https://www.cenfa.org/massive-public-hearing-of-women-charge-sheet-the-union-govt-rbi-nbfcs-and-mfis/ women borrowers of the country face harassment, including sexual harassment, displacement, loss of property, and are sometimes driven to suicide because of the debt traps that are set by these organisations.
Charges against the central government : Falling expenditure on education, health, and employment generation has forced women to take individual/group loans for their needs.
Even though the number of small women borrowers is increasing, their access to loans from public sector banks is declining because of the policy emphasis on privatisation of the banking sector and promotion of MFIs /NBFCs /SFBs.
Robbing Women to loan to corporates: While small savings account form the bulk of deposits in public sector banks, loans below 2 lakhs has gone below 7%, whereas loans above 100 crore is 23%. Scheduled banks lends 187L crore to others, out of which 60% is to NBFCs for onward lending to Women, who pay 22-26% interest, which the FIs get at 9-13 %.
Abetting Suicides Due to Debt Traps
According to NCRB, 671 women committed suicide due to indebtedness in 2022. Every suicide and cause are not reported to NCRB.
https://www.youtube.com/watch?v=jjbQeuE3hGk