In her whatsapp messageto media persons from Karaikal, where she has been camping since Monday, the former IPS officer said there should be a shift from "dependence to self help."
This would eliminate sufferings caused to due to ignorance and neglect of government schemes encouraging "self help group" concept.
Bedi, who had held interaction with the fishermen in the region said, "When National Bank for Agriculture and Rural Development (NABARD) is offering loans at 4.2 percent for rural poor, fishermen have been taking loans from loan sharks at 46 percent which lands them in debt traps."
The LT Governor's suggestions for popularising constantly the governmentschemes to meet their financial requirements and to protect themselves against the loan sharks is timely in the context of the occurrence of instances of usury.
The opposition AIADMK here has already come out with a firm appeal to the territorial government to ensure that the banks loans under MUDRA scheme were available without delay to the small businessmen lest the poor and financially weaker sections fall into the trap of usurers leading to mind boggling outcomes.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
