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Nobody should commit suicide or die owing to debts: Dr Yunus

By Staff
Google Oneindia News

Pune, Nov 18 (UNI) Nobel Laureate Dr Muhammad Yunus here today expressed regret over increasing number of farmer suicides in the country amd criticised the system that created social pressure which drove farmers to take the extreme step on account of surmounting debts.

Dr Yunus told a press conference the world was changing and the financial institutions must also change. ''Why should anybody die just because he is debt ridden''? he asked.

''This is the system which creates fear and humiliates a person to the extent that he takes his own life owing to debts'', he said.

The institutions must change. Banks must make money but must not create more misery, their mission must be to serve and alleviate misery, he maintained.

''There are no easy fix to the problems. Even a rupee given in charity is only one time solution and finishes but a social business makes the rupee grow and is there always,'' he said hinting that the problems of farmers must be studied and necessary assistance should be given to enable the farmer to start again.

''I don't know too much, but I am aware that the problem of farmer suicides is localised and therefore the reasons must be studied case by case and the banks must reach out to them,'' he opined.

Dr Yunus was in the city to receive the first 'Sakal Person of the Year Award-2007 ' yesterday at the hands of Union Agriculture Minister Sharad Pawar.


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