Lining up to pawn the family gold

Ashok Vishwakarma, a government employee in Dhar, Madhya Pradesh, needed Rs 25,000 for an emergency at home. Banks would have asked for a variety of documents, so he rushed to a Muthoot Finance branch. He kept some gold jewellery as security and took home Rs 25,000 in 15 minutes. “I didn’t want to run after banks for a personal loan,’’ the 52-year-old says. On January 5, he repaid the principal to take back the jewellery.

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