Debt Trap - Solutions

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           Present time loan become the essential part of the life. All countries central governments, states and provinces governments, Municipal corporations, all are borrowing money to manage their expenditures. Thus they have to pay interest per year then this interest portion in budget reached one third to fifty percent. Then this debt trap continously increasing  if any year revenue decreased then to repay loan and interest again borrow bigger amount then previous year loan taken. This debt trap also now popular to buy home, personal loan.

          Industrial or production companies take loan that's right because they are doing commercial activity. Business need money to increase production and they can earn money by this investment in future. So need to reduce borrowing for the non commercial activities where in future return is zero and investment amount also forfeited. Fiscal deficit of all countries are on high this debt trap is dangerous for future prosperity and mental peace in life.

       Need to make earning assurance system for households, farmers, labour, senior citizens and marginal people of the society. 

         Economic and Employment method of Gopal Maheshwari will solve this complex debt trap system where borrowing is for non commercial purpose. Thus many ideas were mentioned in my previous articles in this blogger posts and new ideas will publish in this series. 

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