On what terms did Savita get a loan from Tejpal Singh? Would Savita’s condition be different if she could get a loan from the bank at a low rate of interest?

Asked by Shivani Kumari | 1 year ago |  461

1 Answer

Solution :-

Savita got a loan from Tejpal Singh at the rate of interest of 24 percent for four months and also had to work for Tejpal Singh as a farm laborer at the wage of Rs.100 per day during the harvest season.

The case would have been different if Savita would have taken the loan from a bank. It is because the rate of interest would have been lesser than what was asked by Tejpal Singh and also she would have been able to pay complete attention to our own field during the time of harvest.

Answered by Vishal kumar | 1 year ago

Related Questions

Talk to some old residents in your region and write a short report on the changes in irrigation and changes in production methods during the last 30 years.

Class 9 Social Science The Story of Village Palampur View Answer

How do the medium and large farmers obtain capital for farming? How is it different from the small farmers?

Class 9 Social Science The Story of Village Palampur View Answer