Advise RBI to relook at proposed restrictions on gold loans, Stalin to FM
With formal avenues constrained, rural debtors could also be compelled to show to casual and unregulated moneylenders who usually cost exorbitant rates of interest. This might expose them to exploitative practices, deepen indebtedness, and erode the progress made in formal monetary inclusion. The brand new requirement for documented evaluation of reimbursement capability, notably for small-ticket…
