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A woman's death in Jharkhand brings loan recovery agents to notoriety again

Court warnings and RBI's circular prohibit lenders and their agents from harassing or threatening debtors

recovery agents

Illustration: Binay Sinha

Nupur Dogra New Delhi
A 22-year-old pregnant woman died in Jharkhand’s Hazaribagh last week when she tried to block loan recovery agents from taking away her father’s tractor and was crushed under the vehicle, reports said.

The woman’s father, farmer Mithilesh Kumar Mehta, took a loan from Mahindra & Mahindra (M&M) Financial Services, a rural non-banking financial company (NBFC), in 2018 and had to repay it in 44 installments of Rs 14,300 each. Mehta paid the installments until nationwide lockdowns to contain Covid-19 started in March 2020 and he was unable to work.

According to the 'Indian Express', Mehta managed to arrange money for

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First Published: Sep 21 2022 | 2:39 PM IST

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