Assam: Woman Protesters Seek Ban On Microfinance Companies

  |   Assamnews

Several organisatios under the banner of Jagrata Mahila Suraksha Samaj staged a protest against microfinance companies which they alleged had ruined the rural economy.

The Samaj demanded that these microfinance companies which included Bandhan Bank, Ujjiwan, Janlakshmi, RGVN among others should be banned from operating in Assam.

The organisation demanded an enquiry into the workings of such microfinance companies and banks which it said was not transparent and sought that they be monitored properly.

They further sought that the agreements with the creditors which was written in English should be made in Assamese and given to the loanees.

Alleging that these companies were charging exorbitant rates of interest on loans and that their accounts checked for malpractices....

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