In a troubling reflection of India’s rising personal debt crisis, a government employee has turned to Reddit seeking advice as he stares down Rs 29 lakh in loans across more than nine sources—just 4.5 years away from retirement.
With a monthly in-hand salary of Rs 62,000 and pension prospects of Rs 30,000 post-retirement, the individual revealed that a mix of personal loans, chitty commitments, and society loans—some taken using friends’ salary certificates—has landed him in deep financial distress. Some lenders have reportedly issued legal notices and threatened salary recovery.
“I’ve cut down expenses to Rs 27,000 and can reduce further to Rs 22,000, but EMIs and urgent dues already exceed my current capacity,”…