Nanjangud, Jan. 28 -- Despite stern warnings from the State Government to microfinance companies against harassing borrowers over loan repayments, two individuals in Nanjangud taluk have tragically taken their own lives.

The deceased have been identified as Jayasheela (53) of Ambale village and Krishnamurthy (35) of Malkundi village.

The Hullahalli Police have registered FIRs against seven microfinance companies in connection with the incidents.

Jayasheela had borrowed Rs. 3 lakh from two finance firms, with a monthly EMI of Rs. 8,500. She later took an additional Rs. 60,000 loan from the same firms, raising her total EMI to Rs. 15,000, including a loan taken in her daughter's name.

The situation worsened when a cow she had purchased ...