Muslims, Dalits borrow most from informal moneylenders: SEEPC report

Households from several socially and economically disadvantaged communities, including OC Muslim, and those classes of Muslims listed in BC – E category, in Telangana remain heavily dependent on informal moneylenders, reflecting limited access to institutional credit, according to findings from the Socio, Economic, Educational, Employment, Political and Caste (SEEPC) Survey.

The report shows castewise trend of dependency on informal money lenders for loans instead of institutional credit, indicating the lack of access to formal credit avenues. The report, in a section examining borrowing patterns, identifies communities that rank at the bottom in terms of access to formal credit. These include 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.