When it was announced by PM Narendra Modi on 08/11/2016, that Rs. 500 and Rs. 1000 currency notes would not be legal tender from that day forth, people across India have been rushing to banks and ATMs to withdraw and/or exchange their money. Most ATMs in India dispense the new Rs. 2000 note when people opt to withdraw Rs. 2000 from their bank accounts. People are in a rush to exchange their new Rs. 2000 notes for change i.e., for Rs. 100 and Rs. 50 notes. Since, there aren’t enough Rs. 100 and Rs. 50 notes to completely replace the old Rs. 500 and Rs. 1000 notes, which were taken out of circulation and which constituted 86% of all the currency notes in circulation in India, it has led to a cash crunch in India, with people desperate to get change (except beggars in India).
But one community of people in India are making merry out of this dire situation. They belong to that community, whom people would not even think could make merry at any point of time. They belong to the one and only beggars’ community in India! You heard me right folks, it’s the beggars’ community in India. Right from the start, they have been making huge money, amounting to an average of Rs. 180 crores per year, in change. They are now using this situation, created by demonetization to their advantage. How? They go to shops and supermarkets with change i.e., with Rs. 50 and Rs. 100 notes and exchange their change for the new Rs. 500 or Rs. 2000 notes at 10% interest rate! For example, if they give 20 of Rs. 100 notes to the shopkeeper, he has to give them back Rs. 2,200 i.e., Rs. 2000 with 10% interest rate. Assuming all the beggars in India, exchange their change, the beggars’ community in India would make a profit of Rs. 18 crores (10% of Rs. 180 crores with them) from this situation! Read more on Demonetization
It is mind blowing and that is perhaps the reason why you would not have noticed any beggars near the traffic signals and the temples in India these days after the demonetization move. The network of beggars in India is highly organized and sophisticated. Their all – India network is divided into regions and each region into cities and each city into specific localities in that city. Each beggar, belonging to a particular sub – network, must hand – over his or her collections to the local gang leader, who takes a lion’s share of their income. In return he provides them with shelter and food. The begging business is so profitable in India that some beggars prefer not to work! In order to eradicate the begging business in India, one must only provide beggars with food and/or clothing, as providing them with even Re. 1/- will increase their profit and make them want to continue begging!
Almost all the women beggars in India are given a baby, which is sedated, to enhance their sympathy appeal. The beggars’ tardy looking clothes and ragged face are all done by makeup! Sometimes the gang leader even blinds people using chemicals to enhance their sympathy appeal. Some beggars are also made handicapped for the same purpose. The police in India must track down and arrest all the local gang leaders in India to put an end to begging. The beggars must be offered jobs, suitable to their skill sets, to eradicate begging. The jobs offered could be anything, right from toilet cleaning jobs to server at a hotel jobs. We sincerely hope that the Government of India addresses the issue of begging soon, like it did to tackle black money. Read more on Startup News