A Multidisciplinary Research Journal - Devanga Arts College

cent and 3 per cent respectively. More than four – fifth of the Customers have Savings bank
account.
BORROWING
The Regional Rural Bank was started with a view to provide multi agency grants for
agricultural lending in addition to cooperatives and commercial banks. The Regional Rural
Banks are aiming at providing agricultural and non-agricultural loans to people living in rural
areas. It is interesting to know how the sample respondents have availed themselves of the loan
facilities provided by the bank.
CLASSIFICATION THE BASIS OF LOAN BORROWED
S.NO. LOAN
NUMBER OF
RESPONDENTS
PERCENTAGE
TO TOTAL
1. Borrowed 120 80
2. Not Borrowed 30 20
TOTAL 150 100
The above table revealed that among the sample respondents, 120 have borrowed from
Pandian Grama Bank and 30 per cent have not borrowed from the bank, Four – fifth of the
customers have borrowed loans from the Bank. This confirms that the bank is fulfilling its
objective of lending to rural areas.
TYPES OF LOAN BORROWED
The Pandian Grama bank provides short medium and long term loans for agricultural and
allied activities to farmers, artisans, self-help groups, small entrepreneurs and the like. The
following table reveals the classification of respondents on the basis of the type of loan
borrowed.
CLASSIFICATION ON THE BASIS OF TYPES OF LOAN BORROWED
S.NO. TYPES OF LOAN
NUMBER OF
RESPONDENTS
PERCENTAGE
TO TOTAL
1. Short Term Loan 99 82.5