How do banks play an important role in the economy of India? Explain.
OR
Compare the employment conditions prevailing in the organised and unorganised sector ??
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For first, Banks play a very important role in the Indian Economy as they provide Credit at cheaper rates to people. Banks help people to save their money and receive an added advantage by getting an extra amount, That is for saving the money in their bank, the depositor gets a % of it added in his bank account.
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Organised Sector:-
The workers enjoy the security of employment in the organised sector.
Workers get regular monthly salary.
The activites are registered by the government and one has to follow the rules and regulations.
Workers are benefits like provident fund, paid leave, medical benefits, etc.
Working hours are fixed in organised sector.
Working Condition are favourable.
Unorganised sector :-
The small and scattered units, which are mostly outside the control of the government, come under the unorganised sector.
Workers get daily wages.
Rules and regulations are not followed here.
Workers do not get any such benefits.
Working hours are not fixed here. Sometime, workers work for more than 10 hours.
Workers condition are not favourable.
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