On what terms did Savita get a loan from Tejpal?
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Savita, a small farmer, inorder to cultivate wheat on her 1 hectare of land, decides to borrow money from Tejpal Singh a large farmer on the followingterms — (i)Tejpal Singh agrees to give Savita the loan at an interest rate of 24 per cent for four months which is a very highinterest rate.
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Savita will take loan from Tejpal by doing work in his home. she will get very low wages on the daily basis. she had to work on Tejpal home as she could not give the loan back.
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