On What t on what time did Savita get a loan from Tejpal Singh? would Savita condition be different if she could get loan from the bank at low rate of interest?
Answers
Tejpal Singh agrees to give Savita the loan at an interest rate of 24 percent for four months. Besides this, she also has to work on Tejpal Singh’s field as a farm laborer during the harvest season at Rs.35 per day.
Yes, Savita’s condition would be different if she could get a loan from the bank at a low rate of interest. But it is not easy to the people like Savita to obtain loan from the bank as bank asks for collateral security while giving loan. When Savita does not have any collateral security.
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.