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Short read: Married woman flees with lover after getting PM housing scheme fund, 10 others missing
Author: Vadapalli Nithin Kumar & Amitesh Tripathi
Source: India Today (https://www.indiatoday.in/india/story/pm-awas-gramin-yojana-married-women-flee-lovers-uttar-pradesh-money-2564120-2024-07-09)
Over the past year, in our portfolios we have loaded up heavily on the rise of Indian women. This newsflash on India Today is symptomatic of who is wearing the trousers these days in marital relationships in small town India:
“India Today News Desk
Maharajganj, UPDATED: Jul 10, 2024 17:13 IST….
Around 11 married women have gone missing from different villages in Uttar Pradesh’s Maharajganj district after receiving the first instalment of the PM Awas Gramin Yojana. One of them has allegedly eloped with her lover.
The government scheme provides financial assistance to poor and middle-class families in building a permanent home.
The issue came to light after a man, Sanjay, reported that his wife, Suniya, was missing after she received the first tranche of Rs 40,000 of the scheme.
Preliminary investigation by the Block Development Officer revealed that Suniya had eloped with an unknown person, taking the Rs 40,000 installment recently released by the government…
Subsequently, 10 other similar cases came to light, where husbands reported their wives to be missing.
Suniya’s father-in-law requested the government to transfer the remaining two instalments to his son Sanjay’s account.
“The money was sent to our daughter-in-law’s account, and we later found out she had run away with a boy. We demand the government send the money to my son’s account,” he said…
However, this is not the first such incident. Previously, four women from Barabanki district ran away with their lovers on receiving Rs 50,000 as part of the scheme.”
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Note: The above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. The information provided is intended for educational purposes only. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India (SEBI) and is also an FME (Non-Retail) with the International Financial Services Centres Authority (IFSCA) as a provider of Portfolio Management Services. Additionally, Marcellus is also registered with US Securities and Exchange Commission (“US SEC”) as an Investment Advisor.
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