High loan costs burden WSHGs

Sonpur: High-interest loans from private microfinance companies are adding to the financial burden on women’s self-help groups (WSHGs) in Subarnapur district, prompting calls for administrative intervention. More than 10 private lending firms reportedly operate in the district, charging annual interest rates of 30-40%. In comparison, eligible self-help groups can access bank loans at subsidised interest […]

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