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In Rupauli block of Purnia district, a T-20 cricket match is underway between the local team and visitors from Siliguri. Lively commentary blares from a loudspeaker. The names of the match sponsors festoon the cricket ground, and several of them belong to a loan company.
That’s not surprising, since loans have become an important line of business in north Bihar. This also explains why many young people want to join microfinance companies, small finance banks, and related jobs. This is quite a change in a state where educated youth often devote years to clear competitive exams for government jobs.
That’s not surprising, since loans have become an important line of business in north Bihar. This also explains why many young people want to join microfinance companies, small finance banks, and related jobs. This is quite a change in a state where educated youth often devote years to clear competitive exams for government jobs.
