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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: “I feel like ending my life but who will look after my kids,” 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.

Reimagine wealth management by avoiding 3 Biggest financial mistakes in 2021

Reimagine wealth management by avoiding 3 Biggest financial mistakes in 2021 ANI | Updated: Jan 08, 2021 11:33 IST New Delhi [India], January 8 (ANI/SRV Media): Meticulous financial planning and wealth management is required in order to avoid unwanted financial stress. A well-prepared financial plan can help people to achieve life goals. To help people achieve their financial goals and save better, Deepak Jain, CWM®, Director, American Academy of Financial Management has suggested three ways to keep financial mistakes at bay. 1st Financial Mistake: Not speaking truth to yourself about your money There is a Financial Planner in the US by the name of Suze Orman. Suze Orman has written a book called 10 Lessons of Money . The first lesson she states in this book is the crux of wealth creation. If you follow this one rule in life I can guarantee you that you will become very-very wealthy. The first rule she writes is Truth creates wealth & lie

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