Indebtness in Thane
District in 1979
The survey on indebtedness was carried out in
the area of Palgar and Wada Thasils of Thane District and
gave the following results.
- 31.19% tribal
families are indebted against 11.76 of non tribal
families;
- 56.38% of indebted
families are cultivators and 22.22% are
agricultural labourers;
- 60.50% of loan is
for agricultural activities, 30.6% for marriage
and 5.5% for social events (religious functions,
death ceremony, sickness, etc.);
- The role of money
lenders in recent years has been reduced to only
2%, 63% borrowing is from cooperative societies
and banks;
- the government has
much replaced the landlords, the advance is 33%
of the loans;
- loan is given for
productive purpose and is to be repaid after
harvest at 1.5 or twice the quantity given;
- 54% of the Adivasi
borrowers do not know the rate of interest
charged;
- 27% have to pay in
form of agricultural labour;
- 80% of the loans
given by landlords is for marriages, the
remaining 20% is for other purposes;
- Loan for marriage
are repayed in the form of bonded labour;
- In 95.4%
case,security is given in form of land;
- Family members are
bonded to repay after the death of the borrower;
- The service to the
master is in some cases carried over from
generation to generation.
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