Last Mile Credit Linkage to Strengthen Rural Livelihood

Rural credit markets in India comprise of both formal and informal channels. Though the market is fragmented, many approach informal channels for their credit requirements. The most common source of credit in the villages of Koraput&Nabarangpur is from moneylenders, aka Sahukaars. These moneylenders charge around 60% to 120% interest annually.

2020-08-03T06:09:42+00:00
Rural credit markets in India comprise of both formal and informal channels. Though the market is fragmented, many approach informal channels for their credit requirements. The most common source of credit in the villages of Koraput&Nabarangpur is from moneylenders, aka Sahukaars. These moneylenders charge around 60% to 120% interest annually. READ MORE