Question

what is meant by debt trap

Answer 1

a situation in which a dent is difficult or impossible to repay , typically because high interest payment prevent repayment of the principal .

Answer 2

A situation in which a person is unable to repay loan is called a debt trap such a situation is found in rural areas where people depend upon informal sources of loan

For example
If a farmer gets loan from a moneylender to buy equipments seeds etc . and decides to pay it back after harvest . due to some reason the harvest goes bad and he is unable to repay the loan .thus he falls into debt