Digital consumer credit in India – time to take a close look
Anubhutie Singh, Beni Chugh & Malavika Raghavan
This is the fifth video of our six-part series with Khabar Lahariya, the award-winning rural digital journalism platform run by women in the media-dark hinterlands of Uttar Pradesh (U.P.) and Madhya Pradesh (M.P.) to understand how individuals in rural households are managing their financial lives at a time of great uncertainty. Read more about this project collaboration here.
In this fifth video of a six-part series, we follow different farmers in rural Uttar Pradesh to understand the frequency and magnitude of incomes they earn from agriculture. The video also discusses the diverse welfare schemes that have been rolled out to support farmers by both Central and Uttar Pradesh State Governments. The video raises questions about the suitability of the design and delivery of agricultural credit and highlights that debt waivers are often asymmetric. Despite several welfare schemes and delivery mechanisms designed for farmers since a very long time, why are farmers reporting lack of receipt of benefits? For a nation that is considered agrarian, why are farmers unable to reap profits from their agricultural activities? Is the Kisan Credit enabling the farmers as imagined? Find out more in this fifth video of the series…
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