A Study on The Role of Money Lenders In Guntur District A.P
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 2
Abstract
Moneylenders have always been known for explorative practices and prices in lending poor.They have strengthened since liberalization; their share in the decade following it has risen substantially.This study has designed to examine the role of informal credit in Guntur district. Specific objectives were to find out strength and weakness of money lenders/indigenous bankers. To evaluate the performance of money lenders andto study the impact of demographic factors on turnover of the business, customer base and its growth. The study conveniently sampled 249 respondents as questionnaires were used to collect the data. By using some statistical tools we found that there is a significant relation between the demographic factors and turnover of their business. The strengths of money lenders and indigenous bankers are capable of increasing their turnover and weakness of them are they unable to recover few loans i.e. they are having few bad debts. The performance of the money lenders and indigenous bankers are in increasing trend.
Authors and Affiliations
Usha Saranya. Alapati, Dr. P. Raja Babu
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