What is the total estimated number of families suffering under the burden of private debts with high interests?
What is the average interest rate collected by the private-moneylenders?
24% per year = 2% per month?
36% per year = 3% per month?
48% per year = 4% per month?
60% per year = 5% per month?
120% per year = 10% per month?
2007-03-20 18:54:16 · 2 answers · asked by Anonymous in Social Science ➔ Economics
The answer ranges between 28% and 36%..In the rural areas its more with extortion to farmers and rural folk but with the semi urban areas its 28%......the total no of familes cannot be done approximately but there are 500000 + villages in India and 765000 semi urban areas,...so take an estimate
2007-03-21 04:14:03 · answer #1 · answered by Aditude 2 · 0⤊ 0⤋
An offshoot of poverty and poor education&literacy! NGO's may be attending to this problem in a few regions!
2007-03-20 23:42:17 · answer #2 · answered by swanjarvi 7 · 0⤊ 0⤋