50-yr-old lives on veranda for 4 months after bank attaches home
The New Indian Express|May 12, 2024
WHEN Rajan P M availed a loan from a private bank to build his dream house, he would not have thought that it would lead him to the depths of familial despair and financial deprivation.

Now, 11 years after, the 50-yearold Panathady resident is living on the veranda of the same house, staring at an uncertain future, after the bank attached it following his failure to repay the amount. In 2013, Rajan, a daily wage worker, availed a loan of 8 lakh from the bank. He could repay ₹4 lakh by 2017. But his life took a turn for the worse after his wife was diagnosed with cancer in 2017.

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