Saturday, November 27, 2010

Shut shop in villages, Maoists tell MFIs

TNN, Nov 27, 2010, 03.33am IST



WARANGAL: Taking a tough stand against micro finance institutions (MFIs), the Maoists have asked MFI managements to close their operations in villages immediately in the wake of series of suicides by women.

Maoist party KKW (Karimnagar-Khammam-Warangal) secretary Sudhakar warned MFIs of dire consequences if they do not call it quits. In a statement here on Friday, he said agents and representatives of MFIs are humiliating rural women and insulting their family members because of which several villagers have committed suicide.

He termed the government ordinance on MFIs as a sham since agents continue to collect loan instalments from women forcibly. He also warned SKS Finance chief Vikram Akula, Share Finance company owner and member of Rajya Sabha V Hanumantha Rao, L&T, Swayamkrushi, Chaitanya MFIs' owners of serious consequences. "Followers of Sonia Gandhi and Rahul Gandhi are responsible for the spate of suicides in the state," he said in the statement.

Sudhakar said the government should grant five acres of agricultural land, an ex gratia of Rs 5 lakh and employment opportunity to a person from the families of the deceased.

Making an appeal to the youth and women associations to fight against the mushrooming liquor and belt shops in the state, he said the government must take necessary steps to cancel the licences of these shops.

Sudhakar warned former Naxalites against acting as informers of police. "If you do not change your attitude, we will teach you a fitting lesson," he warned.

Meanwhile, four Naxals were arrested in Moranchapalle village in Bhupalapalle mandal. They were nabbed from the forest area. Fourteen country-made rifles were recovered from them.

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