Why large mass of Indians have no rights to any type of bank loans?
Added (1). I am a resident Indian citizen, non-govt. Employee, and non-tax assessee, I am just an ordinary Indian, can provide income certificate from Village officer, I can mortgage my property 4-time value of loan.
However, all nationalized banks say that I am not eligible because I am not either Govt. Employee nor tax assessee which means 91% of population have no right to bank loans in India?
Added (2). I can give the collateral to the bank (can mortgage my property of 4-time value of the loan valuated by any competent authority)
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