Moneylending operation in Chiplun on Guhagar


As a major action is being taken against moneylenders in Chiplun taluka and there is a strong uprising against it, the brunt of the action here has started to fall on the moneylenders of Guhagar taluka. Many moneylenders in the taluka have panicked and there is talk that there are more moneylenders in Dabhol area, which has the highest number of workers.
Moneylending business has wreaked havoc in the district. Even in Chiplun, moneylenders have a big market. In Chiplun, money is being recovered at 10 to 15 percent interest per month. It is being alleged. A stuck man takes money to fix the problem and gets into more trouble. There are many incidents like threatening to go to the house for debt collection, taking signatures on checks on blank bond paper, blackmailing the borrower. www.konkantoday.com

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