Question

Amrita is a government employee and belongs to a rich urban household whereas Rani

works as a helper on a construction site and comes from a poor rural household. Both

have a crisis at home and wish to take loan. Create a list of arguments explaining who

between the two would successfully be able to get the loan from a formal source. Why?

Answer 1

Logically speaking the loan should be granted to Rani who is working as a helper. But, according to the rules and regulations of the bank or any other formal source who are providing loan, it will be granted to Amrita.
Formal Source requires documents like: pay slip which range from 3 to 6 months. Bank statement; experience certificate, that is, you should show 3 years of continuous employment. All these can be provided by Amrita very easily. Whereas, it will be difficult for Rani. In the case of Rani, she wouldn’t have been employed continuously as they are taken on contract basis and her salary wouldn’t have been credited in the bank. There wouldn’t have been any formal recruitment process to provide appointment order or experience certificate.

Answer 2

amrita will get loan easily fron any source because she is a government employee and on some papers of her government job she will easily get loan.
but rani does not get loan easily because she works at construction site so loan source will first think that can she repay the loan.
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