The main economic occupation of the Cheetahs in Malaya was lending, which allowed them Merchants, credit suppliers, to privately contribute to the economic development of Malaya. Financiers, landowners, and investors. The British Lace Fair policy is allowed in Malaya.
Chatterjee will emerge as a major lender group with a touch of its own. Business methods. They adapted well to the colonial, political and socio-economic environment. The British succeeded in establishing a more successful lending business in Malaya.Their unique operating infrastructure and business practices have made them profitable, collaboratively
The colonial economy and Malaya’s commercial development helped many people.His financial troubles, and most importantly,maintained his good reputation as a professional Money lender. In this context, the purpose of this article is to discuss lending activities in Chittagong.
British Malayalam is focusing on two key aspects: the successful adaptation of its traditional Business practices for the Malay market and the development stages.
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Money Lending Activities 1945-1957
Occupation of the Cheetahs in the years after World War II until independence The decline continued. British forces returned to Malaya in August 1945 and began enforcing the law.Regulating all types of financial transactions including money lending. In Malaya, all money and land transactions were ordered to be stopped immediately.
Effect.10 In addition, the circulation of the Japanese yen was banned. Only cash is left.To chatter In 1946, the Cheetahs were united under the Malayalam Nattukottai Cheetah Association. Inform the people about their rights and their economic plight. The British administration took their views into account. Land Account and Title, (Business Period) 1947, Lender Bill. Has applied (Business term), 1948, and the Money Lenders Bill, 1951. However, it was in sight Not a chatty reform but another oppressive law.This development prompted the Cheetah moneylenders to seek political patronage.Assure the future of your business. In 1951, Ramanathan Chatterjee was elected President.Malay of the Indian Congress (MIC).
Modern lending System
The modern credit system dates back to the 1950s with the introduction of technology in banks and financial institutions. The government has set up organizations such as the RBI in India, the Monetary Authority (MAS) in Singapore, and the Federal Reserve System in the United States to monitor and regulate the banking system in their countries. Banks started lending to their customers based on their needs and objectives. Different types of loans are provided by banks and other financial institutions.
CONCLUSION
And many changes are taking place and will take place in the future. People are moving towards a fully automated world where everything inside their smartphone is available online. Because people have also started using more expensive smartphones which can be used as collateral for short term loans in the future.