socio-economic profile of rubber tappers in the small holding sector

35000-50000 9 4.50
50000-75000 3 1.50
75000-100000 3 1.50
Above 100000 4 2.00
Total 200 100
on the sources of debt. Usually merchants, friends and relatives do not charge any
interest at all. Loans from organised sectors’ financial institutions such as commercial
banks and co-operative society charge less than 18-percent interest per year. However,
the unorganised sector which consists of moneylenders and indigenous banks are
imposing exorbitant rate that may come to 125 percent per annum.(Table2.9)
Relative share of commercial banks,Co–operative banks and Moneylenders in the
total volume of debt is 30.9 percent, 36.4 percent and 4.3 percent respectively. Sample
households depend more on Co-operative sector than on commercial banks because of its
democratic set up in the organisation level and comparatively simple procedures in loans
and advances. (Table2.10)
Out of the total sample house holds 13.5 percentage have no debt at all and 34.5
percent have debt less than Rs.5000/-. Average debt of households is estimated as Rs.
15206/-, which amounts to 82.7 percent of their average annual earnings.
Table2.10
Relative Share of Different Sources of Debt
Sources Amount (in Rs.) Percentage