[GJM] Interest Free Money in India.

[Muhammad Mukhtar Alam]

Dear Robert,
   
  I think there is some success. I am just completing a report with a strong recommendation for interest free loans and I would like to get a slew of action for the same. There already exists a movement called National Movement of Eradication of Usury as note in my paper. The movement is led by Dr.BD Sharma . We wish to do some more action. 
   
  Invariabley, the reason of suicides are the usurious loans and this get compounded with low price for the product. There is strong movement against WTO.
   
  Dr.Muhammad Mukhtar Alam

robert searle <dharao4 at yahoo.co.uk> wrote:
  
Dear All,

In the current issue of the Eastern Voice for
British Asians there is reference to the Indian
government having debt forgiveness for certain
workers who have fallen into the trap of usury. An
estimated 2,500, or perhaps even up to 18,0OO of them
have committed suicide if I recall rightly. This is
due to their inability to pay their debts. 

Furthermore, interest free loans have been introduced
to help the above situation. It is assumed that such
funds come from the World Bank. This aid is also meant
to help people with their work, and offer training for
alternative forms of self-employment so that they can
survive.
. 

R.Searle



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