Tag: #BreakTheCycle

From Loans to Losses: Kashmir’s Entrepreneurial Dream Ending in Debt Traps

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From Loans to Losses: Kashmir’s Entrepreneurial Dream Ending in Debt Traps

Kashmir’s Debt Trap Crisis – How Easy Loans and EMI Culture Are Breaking Dreams By: Javid Amin | 02 August 2025 From Dream to Distress Kashmir’s post-2019 economic narrative was once full of hope. There was a visible push for entrepreneurship, home ownership, and upward mobility. Small businesses sprouted, luxury cars dotted the streets, and middle-class dreams seemed within reach. But behind this optimism lies a disturbing trend: a growing number of Kashmiris are quietly falling into debt traps—victims of a toxic mix of easy loans, aggressive marketing by banks…

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Collateral Seizures and Loan Recovery Tactics Spar Tensions: J&K Industries Seek Chief Secretary’s Help

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Collateral Seizures and Loan Recovery Tactics Spar Tensions: J&K Industries Seek Chief Secretary's Help

The Federation of Chambers of Industries Kashmir (FCIK) has urgently requested Chief Secretary Atal Duloo’s intervention, stating, “We seek to curb the perceived oppressive and draconian measures taken by Jammu and Kashmir Bank authorities against defaulting businesses, including MSMEs, and restore the trust and confidence of the business community.” In strong condemnation, FCIK voiced their disapproval, stating, “We condemn the decision of the Bank authorities to employ third-party agents for loan recovery and the seizure of property provided as collateral by business enterprises. Such actions may lead to potential misunderstandings…

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