An article reports on the recent suicide trend among indebted farmers in drought-stricken India.
The article reports that, “Farmers’ suicides are increasing due to a vicious circle created by money lenders. They lure farmers to take money but when the crops fail, they are left with no option other than death.”
Advocates for the farmers are calling on the Indian government to take up the cause of the poor farmers in the same manner that they fight for a strong economy.
Expanding microfinance in rural India is a practical alternative to the influence of predatory money lenders. MCS has an office in southern India, where our dedicated team continues to promote more microfinance opportunities for the region’s poor.
MCS are also beginning a new research project in India to show proof that the economic opportunities over the last decade for microfinance clients have led millions out of extreme poverty.
Your continued support of MCS will allow us to keep promoting Microfinance for the poor in India.