A debt trap refers to a situation where an individual or a company borrows money but is unable to pay it back, leading to a cycle of borrowing more money to repay old debts, resulting in a never-ending cycle of debt. It is a situation where the debtor is unable to repay the credit amount. Debt traps can happen to anyone, regardless of their financial status, and can be caused by various factors. In rural areas, the main demand for credit is crop production and purchase of pesticides and fertilizers. When a borrower, particularly in rural areas, fails to repay the loan due to the failure of the crop, they are unable to repay the loan and are left worse off. This situation is commonly called a debt trap, where credit pushes the borrower into a situation from which recovery is very painful. To get out of a debt trap, one can prioritize their debts, create a budget, and seek professional help or advice from a financial advisor or debt counseling agency.