Research News
In India, some farmers take banks for a ride
Two years ago, Vilas Yelmar took out a 200,000 rupee bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number of 'wilful' defaulters in Asia's
Research Galleries
|
|
