what should i do i have having 2 lakh debt and no source of income and not having any savings or money in my hand how i manage to pay them and no friends and other people are helping me to pay
Ans: It needs a clear and strong action plan.
Right now, your goal is simple—get stable, earn income, and repay.
Let’s look at it from all angles.
Accept the Situation Without Blame
You have Rs 2 lakh loan.
No income. No savings. No support.
This can feel heavy. But it can be handled.
You are not alone. Many have faced this and come out.
You must now focus only on practical steps.
Stop the Debt From Growing
Talk to the lender immediately.
Ask for a pause on EMI or lower interest.
Don’t delay. Hiding will worsen your situation.
If it is credit card debt, avoid minimum payments.
Ask for settlement option if needed.
Document every conversation with lender.
Try converting high interest into low EMI if possible.
No More Borrowing Anymore
Don’t borrow from anyone now.
Don’t take payday or app loans.
Don’t give in to online loan offers.
They increase your stress and risk.
Break this debt chain now.
Focus only on earning and repaying what’s due.
Start a Job or Work Immediately
Even small income is better than no income.
Start with temporary, part-time or gig work.
Choose food delivery, customer care, retail helper, warehouse, or typing jobs.
Try home tuitions, ironing services, cooking support, packaging work.
Check Swiggy, Zomato, Blinkit, UrbanClap, Taskmo, Amazon Flex.
Try YouTube channels or blogs for zero-investment side income ideas.
Any job is a good start.
From zero, even Rs 500 a day is a win.
Sell What You Can Spare
Check if you have any small gold jewellery.
Sell unwanted gadgets, phone, speakers, old laptop.
Sell furniture or clothes you don’t need.
Use Facebook Marketplace, OLX, Quickr.
Even Rs 10,000–15,000 can give relief.
Use this money to pay part of debt.
This builds lender confidence.
Join Government Free Skilling Programs
Join PMKVY (Pradhan Mantri Kaushal Vikas Yojana).
Many courses are free with placement help.
Learn data entry, tailoring, mobile repair, electrician, housekeeping.
Check nearest govt ITI or District Skill Center.
One certificate can get a Rs 8K–15K/month job.
That’s enough to begin repaying.
Reduce Your Monthly Costs
Shift to very low-cost living for next 6–12 months.
Ask relatives for temporary stay if possible.
Don’t eat out. Avoid transport costs.
Use ration shops and free food centers.
Borrow clothes, avoid buying new ones.
Don’t buy on EMI or credit.
Every rupee saved helps you rebuild.
Handle Mental Pressure Calmly
Financial crisis hurts confidence.
Take daily walks. Practice deep breathing.
Write down 3 actions every morning.
Focus only on that.
Your mental health is your real asset.
Strong mind = strong comeback.
Free Help You Can Try
Approach NGOs giving emergency help.
Try Milaap, GiveIndia, Ketto for verified assistance.
Join local self-help groups.
Ask old teachers, colleagues, or ex-employers.
Even strangers can support if you ask with clarity.
Once You Earn, Follow This Plan
Start by saving Rs 500 monthly.
Keep Rs 5,000–10,000 as emergency fund.
Pay Rs 1,000–2,000 monthly to lender.
Once income stabilizes, pay faster.
After clearing debt:
Start SIPs through certified MFD only.
Never invest in direct mutual funds.
Don’t use index funds or ETFs.
Actively managed mutual funds give better results.
Use regular funds with MFD advice.
Invest for future—not under panic.
Don’t Invest in ULIPs or Policies
If someone sells you insurance + investment plan, avoid it.
They are high-cost and give low returns.
No LIC, ULIP, or endowment for now.
Just focus on savings and mutual fund SIPs.
You need simple, flexible plans, not fancy products.
Don’t Fall for Quick Money Scams
Don’t try crypto or forex for quick returns.
Don’t join MLM or chain business schemes.
Don’t pay anyone who promises fast loan approval.
Anything that looks magical will take your money away.
Final Insights
You are strong for asking for help.
Many fear to face it. You are not hiding.
Your comeback will begin with action—not emotion.
Today is your first day of financial rebuilding.
You will repay the Rs 2 lakh. Slowly but surely.
You will build Rs 5 lakh in next 3–5 years.
And more after that.
Keep this plan close. Follow it daily.
You will rise again—step by step.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment