How Punjab's Rural Women, Neck-Deep in Debt, Are Trapped in Microloan Cycles
How Punjab's Rural Women, Neck-Deep in Debt, Are Trapped in Microloan Cycles RBI regulations to check over-borrowing or ghost borrowers have failed to deliver, catching women in a cruel cycle of taking loans to repay loans. A group of women in Mansa's Joga village in Punjab say most of them are in extreme mental distress due to loan overburden and inability to repay. Photo: Vivek Gupta Reportage18/Feb/2021 Mansa/Sangrur/Barnala: âI feel like ending my life but who will look after my kids,â says Sukhdeep Kaur, from Joga village in Mansa district. She took her first micro group loan o...
Source: thewire.in