How many people die by dept trap every month in village....?
Dear Student,
The following points may help you:
a. The poor are generally entangled in the debt trap, as they borrow money from informal sector more so from moneylenders who indulges in grave exploitation.
b. They charge high rate of interests from the poor and involve them in the vicious circle of paying loans
c. Every year more than 100 deaths are reported whereby people commit suicide because of debt trap.
d. Though there is no precise number of deaths because many cases go unreported and unaccounted.
e. It is to be noted mostly landless farmers or small farmers are worst impacted.
Regards
The following points may help you:
a. The poor are generally entangled in the debt trap, as they borrow money from informal sector more so from moneylenders who indulges in grave exploitation.
b. They charge high rate of interests from the poor and involve them in the vicious circle of paying loans
c. Every year more than 100 deaths are reported whereby people commit suicide because of debt trap.
d. Though there is no precise number of deaths because many cases go unreported and unaccounted.
e. It is to be noted mostly landless farmers or small farmers are worst impacted.
Regards