What is Paavala Vaddi? Suppose you borrow Rs. 3000. How much do you pay in return after three months?
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Pavala Vaddi is a scheme followed by the people of Andhra Pradesh in which the interest subsidy on the loans by the bank is taken by the self-help groups in order to reduce the burden for the setup of the small or micro-enterprises that will include the industries of food processing.
The money will depend on the rate of interest.
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Answer:
Pavala Vaddi is a scheme followed by the people of Andhra Pradesh in which the interest subsidy on the loans by the bank is taken by the self-help groups in order to reduce the burden for the setup of the small or micro-enterprises that will include the industries of food processing.The money will depend on the rate of interest.
Explanation.
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