Why did tribals often fall under the clutches of moneylanders?
Answers
Answer: because of the ruling of briteshes
Explanation: please mark me as brainliest
Answer:
15
NEWS STATES TELANGANA
TELANGANA
Tribal people get freedom from clutches of private moneylenders
The specially designed vehicle highlighting the importance of banking facilities to people living in remote areas.
The specially designed vehicle highlighting the importance of banking facilities to people living in remote areas.
K. Srinivasa Rao
SRIKAKULAM: 19 JULY 2015 00:00 IST
UPDATED: 19 JULY 2015 05:43 IST
Many tribal people broke free from the clutches of moneylenders with the Union government’s initiative for providing loan facility by opening accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY). It was observed that many local lenders used to fleece tribal people by taking exorbitant interest. Many locals have been thrown into a debt trap with the non-availability of soft loans from banks all these years. However, the scenario changed in many villages of Burja, Palakonda, Sithampet and other places.
People living in most backward areas of Srikakulam district are able to get banking services with the constant awareness programmes being conducted by the National Bank for Agriculture and Rural Development (Nabard) in association with various non-governmental organisations. Several banks which don’t have branches in remote tribal areas are opening the accounts on the spot as part of the financial inclusion programme. Small loans up to Rs. 5,000 are being sanctioned for the customers who make transactions regularly.
Nabard District Development Manager M.D. Vasudevan, Non-governmental organisation, ARTS, director Nuka Sanyasi Rao and others have been visiting various villages for the promotion of Union government’s flagship programmes such as PMJDY, Atal Pension Yojana, Jeevan Jyothi Bhima Yojana and Suraksha Bhima Yojana. “PMJDY provides overdraft, insurance and other facilities. It is really a boon for the tribal people who don’t need to depend on money lenders hereafter,” said Mr. Vasudevan.