Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
if (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) {
'status' => (int) 200,
'contentType' => 'text/html',
'headers' => [
'Content-Type' => [
[maximum depth reached]
]
],
'file' => null,
'fileRange' => [],
'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
'cacheDirectives' => [],
'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
"http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6802430bbc89e-trace').style.display = (document.getElementById('cakeErr6802430bbc89e-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6802430bbc89e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6802430bbc89e-code').style.display = (document.getElementById('cakeErr6802430bbc89e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6802430bbc89e-context').style.display = (document.getElementById('cakeErr6802430bbc89e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6802430bbc89e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
</span></span></code></pre><pre id="cakeErr6802430bbc89e-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
'article_current' => object(App\Model\Entity\Article) {
'id' => (int) 61874,
'title' => 'Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'subheading' => null,
'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p>
<p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p>
<p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>
',
'credit_writer' => 'Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik',
'meta_title' => '',
'meta_keywords' => '',
'meta_description' => '',
'noindex' => (int) 1,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => null,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
[maximum depth reached]
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[hasErrors]' => false,
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'Articles'
},
'articleid' => (int) 61874,
'metaTitle' => 'LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'metaKeywords' => 'Non-Bank Financial Company,NBFCs,Peasantry,Private moneylenders,SBI,State Bank of India',
'metaDesc' => '-Newsclick.in
Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn...',
'disp' => '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>',
'lang' => 'English',
'SITE_URL' => 'https://im4change.in/',
'site_title' => 'im4change',
'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {
'id' => (int) 61874,
'title' => 'Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'subheading' => null,
'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p>
<p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p>
<p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>
',
'credit_writer' => 'Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik',
'meta_title' => '',
'meta_keywords' => '',
'meta_description' => '',
'noindex' => (int) 1,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => null,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {}
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
'*' => true,
'id' => false
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[hasErrors]' => false,
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'Articles'
}
$articleid = (int) 61874
$metaTitle = 'LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik '
$metaKeywords = 'Non-Bank Financial Company,NBFCs,Peasantry,Private moneylenders,SBI,State Bank of India'
$metaDesc = '-Newsclick.in
Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn...'
$disp = '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
<link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
media="all"/>
<title>LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik | Im4change.org</title>
<meta name="description" content="-Newsclick.in
Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn..."/>
<script src="https://im4change.in/js/jquery-1.10.2.js"></script>
<script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
<script language="javascript" type="text/javascript">
$(document).ready(function () {
var img = $("img")[0]; // Get my img elem
var pic_real_width, pic_real_height;
$("<img/>") // Make in memory copy of image to avoid css issues
.attr("src", $(img).attr("src"))
.load(function () {
pic_real_width = this.width; // Note: $(this).width() will not
pic_real_height = this.height; // work for in memory images.
});
});
</script>
<style type="text/css">
@media screen {
div.divFooter {
display: block;
}
}
@media print {
.printbutton {
display: none !important;
}
}
</style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
<tr>
<td class="top_bg">
<div class="divFooter">
<img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
</div>
</td>
</tr>
<tr>
<td id="topspace"> </td>
</tr>
<tr id="topspace">
<td> </td>
</tr>
<tr>
<td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
<tr>
<td width="100%">
<h1 class="news_headlines" style="font-style:normal">
<strong>Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik </strong></h1>
</td>
</tr>
<tr>
<td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a ‘non-bank financial company’ (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India’s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p> </font>
</td>
</tr>
<tr>
<td> </td>
</tr>
<tr>
<td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
</table></body>
</html>'
}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
$response = object(Cake\Http\Response) {
'status' => (int) 200,
'contentType' => 'text/html',
'headers' => [
'Content-Type' => [
[maximum depth reached]
]
],
'file' => null,
'fileRange' => [],
'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
'cacheDirectives' => [],
'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
"http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6802430bbc89e-trace').style.display = (document.getElementById('cakeErr6802430bbc89e-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6802430bbc89e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6802430bbc89e-code').style.display = (document.getElementById('cakeErr6802430bbc89e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6802430bbc89e-context').style.display = (document.getElementById('cakeErr6802430bbc89e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6802430bbc89e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
</span></span></code></pre><pre id="cakeErr6802430bbc89e-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
'article_current' => object(App\Model\Entity\Article) {
'id' => (int) 61874,
'title' => 'Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'subheading' => null,
'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p>
<p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p>
<p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>
',
'credit_writer' => 'Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik',
'meta_title' => '',
'meta_keywords' => '',
'meta_description' => '',
'noindex' => (int) 1,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => null,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
[maximum depth reached]
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[hasErrors]' => false,
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'Articles'
},
'articleid' => (int) 61874,
'metaTitle' => 'LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'metaKeywords' => 'Non-Bank Financial Company,NBFCs,Peasantry,Private moneylenders,SBI,State Bank of India',
'metaDesc' => '-Newsclick.in
Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn...',
'disp' => '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>',
'lang' => 'English',
'SITE_URL' => 'https://im4change.in/',
'site_title' => 'im4change',
'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {
'id' => (int) 61874,
'title' => 'Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'subheading' => null,
'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p>
<p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p>
<p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>
',
'credit_writer' => 'Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik',
'meta_title' => '',
'meta_keywords' => '',
'meta_description' => '',
'noindex' => (int) 1,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => null,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {}
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
'*' => true,
'id' => false
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[hasErrors]' => false,
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'Articles'
}
$articleid = (int) 61874
$metaTitle = 'LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik '
$metaKeywords = 'Non-Bank Financial Company,NBFCs,Peasantry,Private moneylenders,SBI,State Bank of India'
$metaDesc = '-Newsclick.in
Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn...'
$disp = '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
<link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
media="all"/>
<title>LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik | Im4change.org</title>
<meta name="description" content="-Newsclick.in
Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn..."/>
<script src="https://im4change.in/js/jquery-1.10.2.js"></script>
<script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
<script language="javascript" type="text/javascript">
$(document).ready(function () {
var img = $("img")[0]; // Get my img elem
var pic_real_width, pic_real_height;
$("<img/>") // Make in memory copy of image to avoid css issues
.attr("src", $(img).attr("src"))
.load(function () {
pic_real_width = this.width; // Note: $(this).width() will not
pic_real_height = this.height; // work for in memory images.
});
});
</script>
<style type="text/css">
@media screen {
div.divFooter {
display: block;
}
}
@media print {
.printbutton {
display: none !important;
}
}
</style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
<tr>
<td class="top_bg">
<div class="divFooter">
<img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
</div>
</td>
</tr>
<tr>
<td id="topspace"> </td>
</tr>
<tr id="topspace">
<td> </td>
</tr>
<tr>
<td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
<tr>
<td width="100%">
<h1 class="news_headlines" style="font-style:normal">
<strong>Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik </strong></h1>
</td>
</tr>
<tr>
<td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a ‘non-bank financial company’ (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India’s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p> </font>
</td>
</tr>
<tr>
<td> </td>
</tr>
<tr>
<td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
</table></body>
</html>'
}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
$response = object(Cake\Http\Response) {
'status' => (int) 200,
'contentType' => 'text/html',
'headers' => [
'Content-Type' => [
[maximum depth reached]
]
],
'file' => null,
'fileRange' => [],
'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
'cacheDirectives' => [],
'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
"http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6802430bbc89e-trace').style.display = (document.getElementById('cakeErr6802430bbc89e-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6802430bbc89e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6802430bbc89e-code').style.display = (document.getElementById('cakeErr6802430bbc89e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6802430bbc89e-context').style.display = (document.getElementById('cakeErr6802430bbc89e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6802430bbc89e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
</span></span></code></pre><pre id="cakeErr6802430bbc89e-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
'article_current' => object(App\Model\Entity\Article) {
'id' => (int) 61874,
'title' => 'Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'subheading' => null,
'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p>
<p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p>
<p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>
',
'credit_writer' => 'Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik',
'meta_title' => '',
'meta_keywords' => '',
'meta_description' => '',
'noindex' => (int) 1,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => null,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
[maximum depth reached]
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[hasErrors]' => false,
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'Articles'
},
'articleid' => (int) 61874,
'metaTitle' => 'LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'metaKeywords' => 'Non-Bank Financial Company,NBFCs,Peasantry,Private moneylenders,SBI,State Bank of India',
'metaDesc' => '-Newsclick.in
Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn...',
'disp' => '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>',
'lang' => 'English',
'SITE_URL' => 'https://im4change.in/',
'site_title' => 'im4change',
'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {
'id' => (int) 61874,
'title' => 'Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'subheading' => null,
'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p>
<p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p>
<p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>
',
'credit_writer' => 'Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik',
'meta_title' => '',
'meta_keywords' => '',
'meta_description' => '',
'noindex' => (int) 1,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => null,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {}
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
'*' => true,
'id' => false
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[hasErrors]' => false,
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'Articles'
}
$articleid = (int) 61874
$metaTitle = 'LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik '
$metaKeywords = 'Non-Bank Financial Company,NBFCs,Peasantry,Private moneylenders,SBI,State Bank of India'
$metaDesc = '-Newsclick.in
Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn...'
$disp = '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
<link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
media="all"/>
<title>LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik | Im4change.org</title>
<meta name="description" content="-Newsclick.in
Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn..."/>
<script src="https://im4change.in/js/jquery-1.10.2.js"></script>
<script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
<script language="javascript" type="text/javascript">
$(document).ready(function () {
var img = $("img")[0]; // Get my img elem
var pic_real_width, pic_real_height;
$("<img/>") // Make in memory copy of image to avoid css issues
.attr("src", $(img).attr("src"))
.load(function () {
pic_real_width = this.width; // Note: $(this).width() will not
pic_real_height = this.height; // work for in memory images.
});
});
</script>
<style type="text/css">
@media screen {
div.divFooter {
display: block;
}
}
@media print {
.printbutton {
display: none !important;
}
}
</style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
<tr>
<td class="top_bg">
<div class="divFooter">
<img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
</div>
</td>
</tr>
<tr>
<td id="topspace"> </td>
</tr>
<tr id="topspace">
<td> </td>
</tr>
<tr>
<td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
<tr>
<td width="100%">
<h1 class="news_headlines" style="font-style:normal">
<strong>Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik </strong></h1>
</td>
</tr>
<tr>
<td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a ‘non-bank financial company’ (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India’s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p> </font>
</td>
</tr>
<tr>
<td> </td>
</tr>
<tr>
<td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
</table></body>
</html>'
}
$cookies = []
$values = [
(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]
$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
'article_current' => object(App\Model\Entity\Article) {
'id' => (int) 61874,
'title' => 'Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'subheading' => null,
'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p>
<p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p>
<p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a ‘non-bank financial company’ (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India’s (RBI) guidelines.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>
',
'credit_writer' => 'Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik',
'meta_title' => '',
'meta_keywords' => '',
'meta_description' => '',
'noindex' => (int) 1,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => null,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
[maximum depth reached]
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[hasErrors]' => false,
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'Articles'
},
'articleid' => (int) 61874,
'metaTitle' => 'LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'metaKeywords' => 'Non-Bank Financial Company,NBFCs,Peasantry,Private moneylenders,SBI,State Bank of India',
'metaDesc' => '-Newsclick.in
Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn...',
'disp' => '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a ‘non-bank financial company’ (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India’s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>',
'lang' => 'English',
'SITE_URL' => 'https://im4change.in/',
'site_title' => 'im4change',
'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {
'id' => (int) 61874,
'title' => 'Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik ',
'subheading' => null,
'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p>
<p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p>
<p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a ‘non-bank financial company’ (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India’s (RBI) guidelines.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>
',
'credit_writer' => 'Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik',
'meta_title' => '',
'meta_keywords' => '',
'meta_description' => '',
'noindex' => (int) 1,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => null,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {}
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
'*' => true,
'id' => false
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[hasErrors]' => false,
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'Articles'
}
$articleid = (int) 61874
$metaTitle = 'LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik '
$metaKeywords = 'Non-Bank Financial Company,NBFCs,Peasantry,Private moneylenders,SBI,State Bank of India'
$metaDesc = '-Newsclick.in
Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn...'
$disp = '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a ‘non-bank financial company’ (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India’s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'
include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
latest-news-updates/co-lending-a-double-deal-for-recolonising-peasantry-helping-corporate-cronies-prabhat-patnaik.html"/>
LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik | Im4change.org
Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik
-Newsclick.in
Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.
In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.
But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a ‘non-bank financial company’ (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India’s (RBI) guidelines.
