savita is a small famer of palampur on what basis did she get loan from the money lender tejpal sigh? would it have been different if the bank had given her loan at a low rate of interest
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Answer:
different bank in low interest of loan for farmers
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She has to work as farm labour for tejpal singh and she will be paid less
She will have to pay more interest to tejpal if she takes loan from him but if she takes loan from bank she would need to give some property papers( house ,farm, ) so that if she couldn’t payback the bank they will take over the property and can even sell it to get their money back but there is a positive point also she would get the loan at low rate of interest as compared to tejpal loan so she will be able to payback the amount easily !!!!
She will have to pay more interest to tejpal if she takes loan from him but if she takes loan from bank she would need to give some property papers( house ,farm, ) so that if she couldn’t payback the bank they will take over the property and can even sell it to get their money back but there is a positive point also she would get the loan at low rate of interest as compared to tejpal loan so she will be able to payback the amount easily !!!!
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