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 of Rs 30,000 in 2016 to open a cosmetic shop.