Meaning of POLIKATAM

POLIKATAM

Language - Tamil

Tamil Word - பொலிகட்டம்

Usury, the practice of lending money at excessively high interest rates. Example: In Tamil Nadu, moneylenders who engage in 'polikatam' are often criticized for exploiting borrowers in need of financial assistance. This term highlights the ethical concerns surrounding predatory lending practices in Tamil Nadu. 'Polikatam' can lead to a cycle of debt and financial hardship for borrowers, particularly those from vulnerable communities.