LAWS ARE THERE WHICH TORTURE THE POOR
-
K. V.
Dominic (India)
Loans worth Rs 76,600 crore of 220 defaulters
More than Rs. 100 crore each
State Bank of India has written off.
Rs 37,700 crore of 33 borrowers
with loans each of Rs 500 crore and more
unrecoverable.
Loans worth Rs 27,024 crore of 94 borrowers
More than Rs. 100 crore each
Punjab National Bank has waived*
Whereas petty loans of one lakh or more
borrowed by poor farmers pledging their
only house and very little plot
seize by banks shutting them out
in the name of SARFAESI Act.
Unlike deliberate defaulters
whose millions and billions are waived
cruel fate made poor farmers defaulters--
drought, flood, illness and loss of income.
Laws are there which torture the poor
but save the culprits.
*Based on the report of National Herald on 10 October 2019. https://www.nationalheraldindia.com/business/who-are-the-220-defaulters-whose-indian-rupee76600-cr-loans-have-been-written-off-by-sbi
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