Muslims, Dalits borrow most from casual moneylenders: SEEPC report

Households from a number of socially and economically deprived communities, together with OC Muslim, and people courses of Muslims listed in BC – E class, in Telangana stay closely depending on casual moneylenders, reflecting restricted entry to institutional credit score, in line with findings from the Socio, Financial, Academic, Employment, Political and Caste (SEEPC) Survey.

The report exhibits castewise development of dependency on casual cash lenders for loans as a substitute of institutional credit score, indicating the dearth of entry to formal credit score avenues. The report, in a bit analyzing borrowing patterns, identifies communities that rank on the backside by way of entry to formal credit score. These embody BC-E Qureshi Muslims, BC-A Odde, BC-A Gangiredlavaru, BC-B Goldsmith, ST Yerukulas, BC-A Valmiki, BC-E Shaik Muslims, OC Muslims, BC-E Dhobi Muslims, BC-C SC Christians, and SC Beda.