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Srl. no. of loan This block is intended to collect information on the extent of indebtedness of the rural labour households, i.e., those with household type code 2 or 3 against item 4 of block 3 of rural schedules. The information pertaining to the household indebtedness as on the date of survey will be collected in this block. For the purpose of this survey, loans will include borrowing in cash and/or kind (including hire purchases/credit purchase). Borrowings in kind should be evaluated at current retail price prevalent in the local market. An advance payment received for forward delivery of goods should also be regarded as loan. Attempts will be made to record each loan separate­ly irrespective of the type of loan and amount outstanding. Each loan will have a separate serial number against which the information on nature, source, purpose and amount outstanding of the loan will be recorded. If, however, the nature, source and purpose of two or more loans are similar, they may be entered as a single loan.

nature of loan (code) For each loan listed in column (1), the 'nature of loan' in terms of codes will be recorded in this column. The relevant codes are: hereditary loan ......... 1 loan contracted in kind ......... …………………… 3 loan contracted in cash … 2 loan contracted partly in cash and partly in kind .... 4

source (code) The information regarding the source of each loan will be recorded in this column in terms of the following codes: government ................. 1 agricultural/professional money lender .......... 5 co-operative society ..... 2 shop-keeper/trader ..……………………....… 6 bank ............................. 3 relative/friends ...…………………….......….. 7 employer/landlord ......... 4 others .............................. …………………… 9 If any relative/ friend charges interest, the proper source code should be 5 and not 7. Co-operative banks will be considered as banks and not co-operative society.

purpose (code) The purpose for which the loan has been contracted, irrespective of the actual use of the loan, by the household will be recorded in this column in terms of codes. If a particular loan is taken to meet more than one purpose, the purpose for which large part of the loan is intended to be utilised will be considered for recording entries in this column. The relevant codes are: household consumption : medical expenses ......................................... 1 Educational expenses .................................. 2 legal expenses ............................................. 3 other consumption expenses ........................ 4 marriage and other ceremonial expenses ........... 5 purchase of land / construction of building........ 6 productive purpose .......................................... 7 repayment of debt .......................................... 8 others ............................................................. 9 The purpose of loan taken for legal expenses for the enterprise will get code 7. Code 4 will cover for loans taken for the purpose of food consumption, consumption of clothing, purchase of durable goods, etc.

Amount outstanding including interest as on the date of survey (Rs) For each loan, the total amount due on the date of survey (i.e. the outstanding principal plus the interest due) will be recorded in column (5) in whole number of rupees. Initial discount allowed, if any, in the principal should be taken into account while recording the total amount of loan outstanding on the date of survey. Suppose the value of an item of hire purchases is Rs. 5,000/- and 10% off-season discount is allowed, then the loan under this situation will be considered as Rs. 4500/- only. Account should also be taken of any advance deduction made at the time of giving loan. Thus, for a loan of Rs. 100/-, if Rs. 10/- is deducted as interest at the time of receiving the loan, the entry against this column will be Rs. 100/- and not Rs. 90/-. If only one loan is recorded in column (5), the amount of that loan should be repeated in the line meant for recording 'total'. If information is recorded for two or more loans, the total amount of all such loans taken together should be recorded in the line meant for recording 'total'. The procedure adopted for making entries in regard to credit purchase requires elaboration. In the case of credit purchase, it should first be ascertained whether such credits are really due on the date of survey or not. Thus, in case of milk and some other items purchased on credit, the payments are usually made at the end of the month, whereas, the payments are in fact due on the dates of purchases and not at the end of the month. Therefore, on the date of survey all credit purchases made of such items, till that date is due and hence they will be treated as outstanding loans. On the other hand, since the payments of wages to domestic servants or payments of the amounts on account of house rent or electricity charges are usually made after a given period, say one month, the amount of payment should be considered as loan only after expiry of the stipulated date of payment of such charges.

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