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

Articles by S T Somashekhara ReddySubscribe to S T Somashekhara Reddy

Diary of a Moneylender

Debates about the role of the moneylender in the rural credit scenario tackle two conflicting images. One sees the moneylender as a resilient entity calling for his future involvement in the process of rural development, and the other sees him as an exploiter to be slowly weeded out. To get a more nuanced account of his role, a diary kept by a moneylender operating in a village in the Anantapur district of Andhra Pradesh is analysed here. Even a cursory reading of this diary gives rich details on the scale and importance of the transactions carried out by the moneylender. Through this diary, formal lending agencies, be they banks or microfinance institutions, which have plans to supplant the moneylender will gain rich insights into the role played by this ubiquitous entity.
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