India’s Borrowers Bleeding Under High Interest & Legal Issues Warns : AIFBF

Описание: India's Borrowers Bleeding Under High Interest & Legal Misuse, Warns AIFBF

Bengaluru, 18 September 2025: The All India Federation of Borrowers and Farmers (AIFBF) has warned that India's 75 crore borrowers are "bleeding silently" due to a toxic combination of exorbitant interest rates and misuse of legal provisions by financial institutions.

Speaking at a press conference held at Legislators' Home Building, Bengaluru, the Federation called for urgent reforms to protect farmers, students, transporters, MSMEs, and entrepreneurs who form the backbone of the economy.

Shri Dayananda, Former MLC and Chairman & MD of AIFBF, said India's interest rates are 400-600% higher than competing nations, making credit unsustainable for small and medium businesses. "At such rates, no borrower can survive, let alone thrive. Borrowers are being stripped of dignity and hope, while banks reap record profits," he said.