BEGGARS’  BANK

In the holy town of Gaya a group of 40 beggars have got together to set up a ‘bank’. They do not have any documents to prove their identity, no proof of residence, no Aadhar card, and no property to pledge as security for a personal loan from banks. Hence they would be in deep trouble in emergencies. 

What they have organized is like a Self-Help Group. They contribute – ‘invest’ – Rs 20 a week, especially in the winter season when there is a large and steady flow of pilgrims to the city. In the lean season they borrow from the bank to make ends meet.

Beggars they may be, but they are intelligent. They understand their limitations. So, they have a manager, a treasurer and a secretary, who manage their affairs for them and keep everything transparent, accountable and in order.

It would certainly be desirable if they could push their self-help initiative a step further to finding a source of income other than begging; but, it does look like a good start !