Chapter:Money and Credit
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dhanjay will be successful to arrange money from a formal source because he belongs to a rich family and can take loans by depositing his private property etc and all though he was a govt. worker which improved his status the more.
But on the other hand Raju is a poor worker and he belongs to a poor family that's why he doesn't have private and same cost of things as loan that's why he Could
Face problem in taking formal source of loans that's why the most probably takes informal source of loans such as landowners ....
But on the other hand Raju is a poor worker and he belongs to a poor family that's why he doesn't have private and same cost of things as loan that's why he Could
Face problem in taking formal source of loans that's why the most probably takes informal source of loans such as landowners ....
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Dhananjay the government employee will be able to arrange money because the banks ask about the collateral or security for the loan's taken ,the government employ has a security of the job then can deduct from his salary if he is unable to return the loan where as the construction worker will face many difficulties because he has no collateral or security.
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