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

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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