Puducherry Man's Suicide Exposes Harsh Reality of Predatory Lending

A 33-year-old man in Puducherry died by suicide after being trapped by illegal moneylenders who charged exorbitant interest rates. Having borrowed ₹3.8 lakh, he was allegedly forced to pay ₹38,000 in monthly interest. A workplace accident left him paralyzed and unable to earn, escalating his debt crisis. In a suicide note, he named the lenders, one of whom allegedly demanded he send his wife and daughter as collateral. The tragedy highlights the severe societal danger posed by unregulated, predatory lending practices.