₹6,300, while more than 30 per cent (or 102) families reported that they had no income during the second phase of the pandemic," the study found.
A comparison was also drawn in the study of the loans taken during the first and second waves of COVID-19.According to the analysis, of the total 335 survivors surveyed in the second wave in 2021, on an average 60 per cent of them took loans that ranged from ₹5,000 to ₹5.5 lakh at an interest rate which is at times as high as 23 per cent.
During the first wave of COVID-19 in 2020, of the 236 survivors surveyed, on an average 72 per cent of them took loans that ranged from ₹1,000 to ₹4.3 lakh at an interest rate which is at times as high as 20 per cent.