Credit card
In the country, a loan of Rs 33 thousand crore is outstanding on the middle class. This loan is of credit card. Yes, to fulfill their expenses and hobbies, people are indiscriminately using credit cards. But, he is unable to pay his dues. Between 3 months to 12 months, the loan for the card has reached 33,886.5 crore, which is much higher than the Rs 23,475.6 crore in March 2024 last year.
According to the report of Indian Express, the outstanding amount of 91-360 days overdue category has increased by more than 44%. At the same time, in the category of 91-180 days, the outstanding amount reached Rs 29,983.6 crore, which is more than Rs 20,872.6 crore in the previous year. Apart from this, the outstanding amount has been 1.1 percent for181-360 days, which was 0.8 percent in the year 2024.