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by quickdraw46
4308 days ago
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Ah yes my bad, I mislabeled the money lender people as zamindars. Thats just the old school name. I do agree with most of what you have to say, and guess its a good thing with all the bank accounts opening. It should somewhat curb the absolute chaos the rural India economy is in. The thing you talk about are also knows as BC (or the link) and its quite common even in metros. There is also a variation of it run by jewellers (and gold traders) where one pays a fixed amount every month which is invested in gold. If you don't mind me asking, which village? My roots are from a small town in UP which I have only visited once. But I am deeply intrigued by rural India and it always blows my mind when I realize most of the country's population is in rural India. |
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