Question
Rajesh has obtained a letter from gram Pradhan. He has 5
acres of cultivable land. He was born of 10th January 1968. He doesn’t have any unpaid loan from the bank. Will the loan be granted to Rajesh? Study the following information carefully and answer the questions given below: A farmer is applying for the loan of Rs. 10 lakhs from the gramin bank. The farmer must- 1 should not be more than 45 years of age as of 01-07-2020 2 have at least 3 acres of land. 3 should not have any unpaid loan from the bank. 4 should be able to produce collateral of at least Rs. 5 lakhs. 5 should to be able to produce letter from the gram Pradhan. If the farmer fulfills all the eligibility criteria except- (a) (a) At (2) but is able to cultivate more than one crop, the case is to be referred to the manager. (b) (b) At (3) but has fixed deposit of Rs. 5 lakhs with the bank, the case is to be referred to the chairman.Solution
He fulfills all the criteria except his age, his age is 52 years, so he is not eligible for the loan.
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