Maoist Finances

P. V. Ramana

Archive data: Person was Research Fellow at IDSA from September 2007 to December 2018 P V Ramana was Research Fellow at IDSA. A student of South Asian studies, he works… Continue reading Maoist Finances read more

This article shows that the Maoists have been collecting not less than Rs 140 crore annually from a variety of sources: businesses—big and small—industry; contractors engaged in various trades; corrupt government officials; and political leaders. The largest and principal sources of income for the Maoists are the mining industry, PWD works, and collection of tendu leaves. They have been able to put in place a well-organised mechanism to extort money on a regular basis. Besides, they have conceived ingenious ways to store money and ensure its safety. Even as they have issued guidelines for the collection of money, the Maoists have, similarly, also circulated guidelines on expenditure and maintaining fiscal discipline. It is not possible to bottle up Maoist extortion. However, many measures can be taken to contain it.

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