Question

On what farms did Savita get a loan from Tejpal Singh? World world Savita's condition be different if she could get a loan from the bank at low rate of interest?

Answer 1

Savita get loan from tejpal at 10 percent rate of interest which is very high. Also she had to work at tejpal field during harvesting at rs 100 per day. Her condition would be better if she take loan from bank. But it is difficult for her to take loan from bank withput collateral security.

Answer 2

Answer:

Savita was a small farmer who decided to cultivate in her 1 hectare Land. But she needed money for raw materials and to repair machines. Thus, she decided to take Kiran from the rich farmer - Tejpal Singh.

Savita was a small farmer who decided to cultivate in her 1 hectare Land. But she needed money for raw materials and to repair machines. Thus, she decided to take Kiran from the rich farmer - Tejpal Singh.Tejpal Singh gave loan to Savita under two conditions which she had to agree. They were:

Savita was a small farmer who decided to cultivate in her 1 hectare Land. But she needed money for raw materials and to repair machines. Thus, she decided to take Kiran from the rich farmer - Tejpal Singh.Tejpal Singh gave loan to Savita under two conditions which she had to agree. They were:i) Savita had to recieve the loan at an interest of 24% for for months which is quite high.

Savita was a small farmer who decided to cultivate in her 1 hectare Land. But she needed money for raw materials and to repair machines. Thus, she decided to take Kiran from the rich farmer - Tejpal Singh.Tejpal Singh gave loan to Savita under two conditions which she had to agree. They were:i) Savita had to recieve the loan at an interest of 24% for for months which is quite high.ii) Savita also had to work in the fields of Tejpal Singh.

Savita was a small farmer who decided to cultivate in her 1 hectare Land. But she needed money for raw materials and to repair machines. Thus, she decided to take Kiran from the rich farmer - Tejpal Singh.Tejpal Singh gave loan to Savita under two conditions which she had to agree. They were:i) Savita had to recieve the loan at an interest of 24% for for months which is quite high.ii) Savita also had to work in the fields of Tejpal Singh.If Savita would have taken the loan from the bank then she would have loan at very less interest and also she need not have to work. She could have repaid the loan easily.