It was the early 1930s, when a physician-turned textile trader in rural Karnataka found his business getting interrupted for want of regular supplies of cloth from the weavers. When he enquired from the weavers about the reason for their irregularity, he was told that there was no working capital available to them. There was no bank in the area. The only bank located in the town was not interested in lending to small operators particularly in the rural area. Local moneylenders used to charge very high rates of interest; borrowing at those rates had ruined some weavers in the past. The weavers, therefore, had developed a habit of working intermittently as and when their own money from sales came in and could be used for buying raw materials
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An equation between two variables that gives a straight line
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