Karnataka launches helpline to support borrowers in financial distress
Bengaluru: The All-India Financial Borrowers Federation (AIFBF), in partnership with the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), has launched a helpline to support borrowers facing financial distress, particularly farmers and daily wage labourers.
The helpline, accessible by dialling 080-45888789, offers psychological counselling and financial advice for borrowers in distress. Former Bengaluru Police Commissioner Bhaskar Rao inaugurated the service by making the first call, The New Indian Express reported on Saturday.
According to data shared by AIFBF, an estimated 14 farmers take their lives every day across India due to debt-related distress. The organisation said it hopes the helpline will serve as a timely intervention to prevent such tragedies.
In addition, AIFBF has reportedly written to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, urging reforms to make borrowing more inclusive and borrower-friendly. The suggestions include empowering women entrepreneurs and startups, strengthening the Make in India initiative, boosting India’s GDP, and curbing non-performing assets and farmer suicides.
FKCCI president M.G. Balakrishna expressed gratitude to AIFBF for facilitating the discussion. “Borrowers or not, they are taxpayers and nation-builders. We believe in building an ecosystem where borrowers are respected; they are an asset to this nation,” TNIE quoted Balakrishna as saying.
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Hassan: Two young men die in two-wheeler head-on collision in Channarayapatna
Hassan: Two young men reportedly died in a head-on collision between a scooter and a bike near the Doderi guard gate in Channarayapatna taluk of the district on Tuesday.
The deceased have been identified as Ramesh (23) of Mattighatta village and Purushottam (26) of M. Honnenahalli village.
Ramesh and Kiran were riding a scooter when the bike driven by Purushottam, coming from the opposite direction, collided with them.
Ramesh is learnt to have succumbed to his injuries at the spot.
While the biker, Purushottam, was also seriously injured and died after failing to respond to treatment.
Kiran, who was on the scooter, sustained serious injuries and is undergoing treatment at Hassan District Hospital.
Hirisave police visited the site, registered a case, and are conducting further investigation.
