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  • Submit News
Breaking news
Nuapada man-eater brought to Nandankanan Zoo
Pro-Active Surveillance by Odisha Administration: Rescue & Relief...
Bad road claims woman’s life, body taken on...
Flood triggered by heavy rains in Odisha’s Kalahandi...
Flash floods in Odisha: Situation in Rayagada and...
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Ramesh Majhi seeks to expedite Jeypore-Malkangiri-Nabarangpur Railway Projects
Koraput med college admissions from 2017-18
Nabarangpur MLA surrenders in vigilance court

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      May 21, 2016

      ବଲାଙ୍ଗିର

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      May 18, 2016

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  • କଳାହାଣ୍ଡି
    • କଳାହାଣ୍ଡି

      Flood triggered by heavy rains in Odisha’s Kalahandi blocks NH-26

      July 18, 2017

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      May 21, 2016

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      Slain Ultras Belonged to Mainpur Division

      May 4, 2016

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      May 4, 2016

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      May 4, 2016

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  • ସୁବର୍ଣ୍ଣପୁର
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      Tribals take out massive rally in Odisha’s Subarnapur

      May 15, 2016

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      February 3, 2016

  • Submit News
ରାୟଗଡ଼ା

Andhra Money Lenders Still Prowl Rayagada

written by admin January 9, 2016

RAYAGADA:  Incidents of lending money at high rate of interest by private operators and dubious financial firms from Andhra Pradesh (AP) are on the rise in the district.

In the last five years, more than 40 money lending organisations have opened their offices in the district and providing loans at hefty interest rate to farmers, shopkeepers and small businessmen. Locals alleged though the district administration and police are well aware of the issue, no action has been initiated so far.

President of Rayagada ST Cell of Congress, Rabla Majhi alleged that several money lenders from Andhra are coming to the district, including the district headquarters town, to lend money at high interest rates. Even as they do not have permission for lending money, they continue to do so.

President of District Congress Committee (DCC) Durga Prasad Panda said he had complained regarding the activities of illegal money laundering firms in Rayagada town to Additional District Magistrate Laxmikant Behera, but no action has been taken by the administration so far.

When contacted, Collector Jagannath Mohanty said the administration is yet to receive any formal complaint about illegal money lending activities from the depositors.

Following farmer suicides across the State due to crop loss and debt burden, the State Government had directed police and administrations of all districts to be strict towards money lenders in rural areas.

  • newindianexpress
Andhra Money Lenders Still Prowl Rayagada was last modified: January 9th, 2016 by admin
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  • Flash floods in Odisha: Situation in Rayagada and Kalahandi improves as rescue operation gains pace, says Naveen Patnaik July 18, 2017
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