About 30 persons have committed suicide in the last 45 days, apparently due to the coercive methods of MFIs in Andhra Pradesh, a shocking figure that prompted the state government to issue a special ordinance to rein in the MFIs.
Interests rates on micro loans, which stand at over 20% in the country, are falling at an average of 150 bps annually.
Day in Pics: 4th May
Showbiz World - May 4, 2015
62nd National Film Awards