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MFI-fuelled suicides in AP had insurance cover
Borrowers from microfinance institutions (MFIs) in Andhra Pradesh were not aware that they were insured and that a part of the upfront deduction from the loan was going towards premium payment, according to the state government. This intriguing fact came to the notice of the government authorities after a spate of suicides, mostly committed by the victims of multiple loans extended by MFIs because
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