Word: banians
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Dates: during 1960-1969
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...Blood & Banians. Fate, for most khaki farmers, is another visit to the banian, or village moneylender. Of Jagjit's 30-bushel wheat crop, the banian already gets about a third. The banian's charge for a bushel of wheat: two bushels at harvest time, the equivalent of 100% interest. Yet Jagjit and others would rather take their chances with a local banian's mercy than ask for government credit. "The government drinks the blood of the farmers," said Jagjit fiercely. "It charges 12% interest, and wants the money back as soon as the term of the loan...
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