In Bihar, a matter of life and debt

In Bihar, a matter of life and debt

In Bihar, increased borrowing from multiple sources, both institutional and informal lenders, has led to excessive debt burdens. Borrowers struggle to repay loans with high interest rates while dreading recovery agents, who intimidate and harass them. Sobhana K. Nair and T.C.A. Sharad Raghavan report on the lack of political thrust on bringing in any regulatory mechanism in the State that is set to go to the polls later this year