Debts have been rising at an alarming rate.
There are more than 4,000,000 people in the country with debts of Rs 50,000 or more.
That is up from around 2,000 a year ago.
In Delhi, the amount of debts has increased by 50% to Rs 4,091 crore.
The state government’s chief minister, Delhi Chief Minister Arvind Kejriwal, said that he was considering setting up a national bank to help people.
“There will be a national credit union with an option to extend credit to those who owe more,” he said.
The central government has already set up the National Credit Union (NCU) for the benefit of the common man.
The NCU was set up to provide financial assistance to people with debt of Rs 2 lakh and above.
It also wants to provide a debt recovery scheme for those with a debt of more than Rs 10 lakh.
According to the NCU’s website, it provides a range of services, including: Debt recovery: This service helps people in distress recover their debt.
It helps them to repay their debts and get their life back on track.
Debtor assistance: The service helps the debt-ridden person to make a payment of interest on their debts to help them to keep the house, property and other essential items.
Payment of debt: This is the process of making a payment for debt or a financial assistance.
The debt can be written off by the debt collector.
Paying off debt: In some cases, the debt is written off.
Fee waiver: The fee waiver scheme enables people to pay off their debt with cash.
The fee will be waived on the day the debt was written off, for example on the second anniversary of the debt.