The hanging of debt destroyed the entire laughing family. Fed up with the harassment of the bank, the father and 3 daughters also committed suicide:

News India Live, Digital Desk: A soul-shattering news has come out from Nawada district of Bihar. Loan from a private bank and harassment by recovery agents left a large family in the throes of death. About two years ago, the head of the family who had committed suicide by hanging himself along with his three daughters, the only surviving mother of the same family has now committed suicide. This incident has once again raised serious questions on the ‘recovery model’ of banks and the helplessness of the common man trapped in the debt trap.

What is the whole matter? (The Background)

This sad story started from that dark day of 2022, when the residents of Nawada Kedarnath Gupta Had committed suicide by consuming poison along with his three innocent daughters.

debt burden: Kedarnath had taken huge loans from private banks and moneylenders for his daughters’ education and business.

Recovery Pressure: It is alleged that due to his inability to repay the loan, the recovery agents of the bank were continuously harassing him over phone and at home. Due to social stigma and mental pressure, they chose the path of mass suicide.

Mother’s death: The last lamp of the family ended

After that incident, Kedarnath’s wife survived, but was in deep shock and depression.

Loneliness and Torture: According to local sources, Kedarnath’s wife was still being pressurized to repay the old loan. On top of that, the grief of losing the entire family was eating him from within.

Suicidal Steps: Ultimately, due to not being able to bear the burden of sorrow, he also ended his life by hanging himself. With this the entire dynasty of Kedarnath Gupta disappeared from this world.

Police action and public anger

As soon as information about the incident was received, the local police reached the spot and sent the body for post-mortem. Nawada SP has said that the matter is being thoroughly investigated and a list of those private banks and moneylenders who had harassed the family is being prepared.

Villagers’ anger: Local people say that if the administration had stopped the arbitrariness of the recovery agents in time, this family would have been safe today.

Expert opinion: How to escape the debt trap?

Psychologists and economic experts believe that taking a loan is not wrong, but remaining silent in a situation of harassment can prove fatal.

Legal Help: As per RBI rules, no recovery agent can mentally harass the customer.

Counselling: If a person is under mental stress due to debt, he should immediately talk to family or a professional counselor.