Wyoming same day loans

Only dnrshni hundia are used for remittances of money from one place to another in the district, in place of money or currency notes. The indigenous bankers grant loans, either on registered mortgage deeds of lands or getting khatas executed by the borrowers in their bahis. The rates of interest are given in answer to question No.

These rates could be brought down if the borrowers show promptness and regularity in payment. Yes, the reduction of the rate of interest would certainly increase the resources of the agricultural community. There is no prejudice against the indigenous bankers, though their dealings are not ori sound lines. They are, in some cases, obliged to refuse demand for loans for want of capital. The hundia are the only facilities for internal remittance. There is some money which does not find employment through out the year, and for that reason it is deposited with sahukars in Beawar, Ajmer, Tennessee cash advance loans Nasirubad, and Kekri. There are very few who invest anything at present because any savings over the expenditure have to be paid to the creditors. Very few farmers are in a position to lend monqy to fellow agriculturists. When they do such lending, they generally do on the same terms as bohras. Surplus money, in a prosperous year, is paid to creditors and in Wyoming same day loans case there is no debt, they buy silver and gold. Public is provided with full facilities for investing their savings. The Post Office Savings Banks offer all facilities. Generally the employees in Government and Railway Departments and some mill coolies resort to this form of investment.

If you have already cashed the ttundi then this letter of credit may be considered as cancelled and you raaj j. We have drawn 2 sanads on you but credit for one will be given. We have drawn 3 sanads on you but credit for one only will be given. Greetings prom Shroff Panchs of to the Shroff Panchs of Whereas a Hundi for Rs. If they have been lost you should carefully examine your Hoz7wmcha i Ledger, Nakal and Cash Book of the drawee and then honour this letter, Me jar. If the Hundi or any letter of credit has been cashed then this Mejar is cancelled and you may read and re- turn it. Four sanadx have been drawn upon the drawee but credit for one will be given. What is an economic holding in Wyoming same day loans your tehsil 1 —In Ajmer Tehsil an economic holding consists of five bighas of ehahi land with about 5 bighas of ta. What is abi land 1 —Land in the bed of tanks or irrigated by torrent, etc. But this is only an average of an economic holding. Is the major portion of debt incurred for unproductive purposes,, in your opinion, Wyoming same day loans or for productive purposes? Can you limit in any way the discretion of the borrower to borrow for unproductive purposes 1 —I do not quite understand your question..

Is it easy for zahundars to secure takavi Wyoming same day loans advances, or, are more facilities required for obtaining such advances? In special eases we do give takavi in ordinary years for land improvement and also for maintenance, but generally the belief is that this course is to be taken only in scarcity years. Would the loans for bad credit in Alabama zamindar go to the indigenous banker or bania rather- than apply for takavi? Have you any personal knowledge of the co-operative 1 movement?

However when I came to this District they were not so popular as they are to-day, and some of the societies were so badly handled in those days that many of the members- became bankrupt and they had to sell off their lands and become coolies and labourers, because, the idea of the workers, the punchs and every body was probably to increase the number of societies and then to issue- loans. Are there any zamindars in your tehsil who carry on money- lending business as well? I will take the case of the co-operative societies. Did you have a look at the haiaiyat register of these co-operative no faxing loans Virginia societies? Then in estimating on the basis of these figures of the co-operative societies that the total average debt of a member or a house is Rs. Then you tell us that nearly 75 per cent, of the debt is on the security of land. On what is this information based l —That is only my general idea and information. You did not try to verify by having a look at the registers of the- co-operative societies? You talk of the restrictions on credit, because you think that debts are incurred for unproductive purposes. Have you ever looked at the family budget of a typical peasant proprietor and found out what the percentage of unproductive expenditure is to the necessary expenditure in a year? You have put down in these papers the unproductive expenditure also? What percentage of these peasants in your jurisdiction have got an economic holding?

What do you think is the average number of acres that a man must possess in your tehsil in order to make two ends meet, supposing he is not in Wyoming same day loans debt? Do you think that from 8 acres he can save sufficient to meet the difficulties of the two bad years? Supposing he has Wyoming same day loans to borrow for his current expenses for productive purposes. Supposing we calculate 12 per cent, as the rate of interest, what would be the economic holding then? What percentage of the peasant proprietors in this part of the country with which you are concerned has actually got so much as 9 acres? Could you give us the figures of people who own between 3—5 -acres, 5—10 acres, 10—20 acres and so on?

Of course during the intensive survey the required information will come out. Then this Province seems to be very deficient in statistics of all -sorts? You say that the debts are due largely to indigenous bankers and professional money-lenders. Do you make any distinction between the -two, the indigenous banker and the money-ender. Is there any substantial difference in the methods and the rates of interest charged by these two classes? Would you give the indigenous banker any particular privilege as against the money-lender in order to accelerate the process of replacing the money-lender by the indigenous banker? There, are very few people among the zarnin- who do money-lending.

The rates of interest charged by the agriculturist money-lender as well as hy the ordinary money-lender are the same, you say. So even with a better security the agriculturist money-lender does not decrease his rate of interest? You say that the normal rate of interest charged is generally 12 per cent, at compound interest. Are you taking the actually realised rate of interest or merely the documentary rate of interest! In many cases the creditor has to file a suit, obtain a decree, and in some, cases he has to execute his decree and in some cases even after the execution of the decree he gets nothing. Have you followed a single case from the beginning to the end? You say that the money-lender advances loans at rates 5 per cent, higher than the market rate. When you are talking of market rate, do you mean the market rate on the security of unsaleable land, or market rate on good security?