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Class 6
Social Science - Social and Political Life
Rural Livelihoods
imagine you are a member of a fishing family and y...

Question:
Imagine you are a member of a fishing family and you are discussing whether to take a loan from the bank for an engine. What would you say?

Answer:

A fisherman takes a loan from a bank to purchase an engine and not from a moneylender. Banks loan interest is lower and the time period for the payment of loan will be long, where a family can get enough time to repay the loan. The banks are the reliable source of the loan that may not fall into the dept trap.

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Look at the image below.

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Source: Aman Sethi, Hindu On-line

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Question:
Imagine you are a member of a fishing family and you are discussing whether to take a loan from the bank for an engine. What would you say?

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Question: Imagine you are a member of a fishing family and you are discussing whether to take a loan from the bank for an engine. What would you say?

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Question:
Imagine you are a member of a fishing family and you are discussing whether to take a loan from the bank for an engine. What would you say?