Suicides by Business Community - Causes and Remedies



Quick Summary
Statistics reveal a concerning increase in suicides within the business community, surpassing farmer suicides in recent years. The primary driver appears to be immense financial stress, often stemming from unmanageable debts and the aggressive debt recovery methods employed by banks and financial institutions. This article calls for a more compassionate and pragmatic approach to debt recovery, emphasising the link between mental health and financial well-being, to prevent further tragedies and support entrepreneurs.

OVERVIEW I happened to scan through the statistics furnished by National Crime Records Bureau (NCRB) in their web site regarding the suicides committed by business people which prompted me to undertake an insight into the debt recovery approach and methods adopted by the banks and financial institutions. We have been hearing about farmers deaths by suicide and governments responses, both Centre and states, by way of loan wavers and other incentives to alleviate the hardships of the farmers. B
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About the Author

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I am an Ex- Banker. Presently Banking Management Consultant, NPA Resolution Consultant, Human Resources Trainer, Freelance writer and Author.

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