Social Sciences, asked by Iavender, 9 months ago

On what terms did Savita get a loan from Tejpal Singh? Would Savita's condition be different from the small farmers?

please give me the answer for the second part.

Economics - IX
The story of village Palampur.

Answers

Answered by SyedNomanShah

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Savita, a small farmer, in order to cultivate wheat on her 1 hectare of land, decides to borrow money from Tejpal Singh a large farmer on the following terms:

(i)Tejpal Singh agrees to give Savita the loan at an interest rate of 24 per cent for four months which is a very high interest rate.

Answered by Anonymous

Answer :D

The terms at which Savita get a loan from Tejpal Singh;

(i) She agreed to take loan of Rs. 3000 at interest of 24 % for four month from Tejpal Singh.

Tejpal singh also got her to agreed to work on his field during the harvest season for Rs. 35 a day.

Yes. Savita’s condition would have been better if she could get a loan from the bank. The bank would have provided her the loan at a low rate of interest. Moreover, Savita could have devoted more time on her own field instead of working for Tejpal Singh as farm labourer.

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