Loan sharks in hot pursuit of hapless fishermen in Kerala The New Indian Express dated 17th May 2019

CMFRI, Library (2019) Loan sharks in hot pursuit of hapless fishermen in Kerala The New Indian Express dated 17th May 2019. The New Indian Express.

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    Abstract

    Fishermen in Kerala are exploited by middlemen, auctioneers and private money lenders who provide loans at exorbitant rates and stake claim on the fishers’ future catch, leaving a majority of the community impoverished, a survey by Central Marine Fisheries Research Institute (CMFRI) has found. Fishermen prefer borrowing from informal sources as the procedure is simpler than institutional sources. However, the interest rates go as high as 160 per cent, making it difficult for the fishers to escape from the debt trap, it said.

    Item Type: Other
    Uncontrolled Keywords: Newspaper; News; CMFRI in Media
    Subjects: CMFRI News Clippings
    Divisions: Library & Documentation
    Depositing User: Arun Surendran
    Date Deposited: 27 Jul 2019 08:50
    Last Modified: 13 Aug 2019 08:06
    URI: http://eprints.cmfri.org.in/id/eprint/13742

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