National
Predatory lending victims set three conditions for agreement
Protesters demand the annulment of fraudulent loan documents, official recognition of the crime and a written commitment to enact a stronger law.Laxmi Shah
Victims of predatory lending have outlined three non-negotiable demands ahead of a fourth round of negotiations with the government, as both sides prepare to resume talks over long-running grievances.
The Central Committee of the Farmers and Workers' Movement Against Loan Sharking, which is leading the protest, said the demands were final conditions for any agreement with the government.
Although the committee has formed a six-member negotiation team led by its chair, Awadhesh Kusawaha, the government has yet to appoint its own negotiating team.
Rijan Rana Magar, the movement's central spokesperson, said the committee's secretariat had endorsed three "bottom-line" demands during a meeting on Thursday.
The protesters are demanding the annulment of all fraudulent loan documents, a formal government declaration recognising predatory lending as an illegal practice based on forged agreements, and a written commitment to form a joint task force and enact a stronger law against predatory lending within three months.
“These are our key bottom lines,” Magar told Kantipur. “Any remaining issues can be settled in line with the final agreement.”
Home Minister Sudan Gurung has remained in Bara for the past three days in an effort to settle with the protesters.
The victims launched a march on foot from Janakpur to Kathmandu after putting forward a six-point charter of demands.
In response, the government decided to implement the recommendations of three commissions formed by previous administrations to address complaints related to predatory lending.




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