Unlike previous days, he started practicing double cropping along with vegetable cultivation in a large scale. His land remains green throughout the year. Now he earns about Rs. 80000/- a year.

Increased income has also enhanced his quality of life. He stresses on education of his young son and sends him to school regularly. He also owns a number of assets like electric connection, television, radio, etc in his house. He gives all the credit to Vedanta for the improved life.

“Vedanta’s intervention has helped not only me but also other farmers in the area. Besides one youth from each displaced family has been trained and given a job in the refinery, adding that a total of 2,500 local people have found employment in the refinery project till date. “While about 2000 people had got direct employment at the refinery in Lanjigarh, over 2000 others were getting indirect income generating opportunities,” Vedanta has also started the ‘Sasya Silpa Abhijan’ an initiative of vegetable cultivation, run in collaboration with the Asian Institute of Sustainable Development to give a boost to agriculture in the area. “On an area of 550 acres of land, nearly 500 farmers are participating in the project as partners,” Source: report in the Statesman on July 16th. 2008


Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

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