Brief Information

This section looks at the level of household debt, main creditors, preferred creditors, and the level of ease with which money can be borrowed.

As many as 76% of the surveyed households had some sort of debt, most of which had been borrowed from private money lenders (34%), relatives (26.7%), friends (12%), village funds (10.3%), and rural credit cooperatives (8.3%). More than half of the households reported borrowing money to be a difficult task. When the need to borrow arose, relatives (32.5%), private money lenders (29%), and friends (14.4%) were the most preferred source to borrow money from.

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