ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Moneylenders Management of Loan Agreements-Report on a Case Study in Dhanbad

Report on a Case Study in Dhanbad Hans-Dieter Roth The following case study is based on a field survey carried out in 1972, and investigates the situation of traditional credit markets in three villages, giving special attention to the type of competition prevailing there. On the basis of these findings the author analyses the village moneylenders" management of debt liabilities as they have developed from traditional credit relationships, The authors account of traditional credit markets shows that the motive behind private moneylending is primarily to create social obligations rather than to gain direct profit from interest payments. This objective is achieved by exploiting agricultural labourers-cum-debtors who are underpaid or even unpaid. The management of debt relationships as instanced by the mechanism of debt- farming gives ample evidence of this kind of exploitation.

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