Around ninety percent of teachers have sold or pawned their gold jewelry to survive foreclosure, and 83 percent of teachers have five months’ rent in Hyderabad, according to a survey.
The survey conducted by Bharat Dekho, a youth organization, recorded responses from 220 private school teachers to the budget. It was also found that none of these teachers had health insurance and were not even aware of its benefits.
“The survey was conducted to understand the mental, physical and financial impact of foreclosure on them and the impact of unemployment on their social status in their community,” said Romila Gillella, co-founder of Bharat Dekho.
In addition to pledging their valuables and falling behind in paying bills, the survey found that 90% of respondents had taken over Rs 30,000 in loans from relatives during the lockdown. All respondents used up their savings during the closing.
Teachers working in the city’s low-budget private schools agreed with the survey, saying that many of them had to sell their vehicles, gold and other assets, or take out loans to run their home and close it.
The schools were closed from mid-March last year due to the Corona pandemic.