India - Employment and Unemployment : NSS 66th round, Schedule 10, July 2009 - June 2010

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 purchase 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. Sometimes the payments are usually made to shopkeepers (for purchases of some items like milk, news paper, etc.), or for house rent, electricity charges, doctors, maid servants, etc. once in a month or at the end of the month or after a fixed period of time, in all such cases, dues will be considered only after the expiry of the stipulated due date of payment of such charges.