The study was carried out in the Udhampur district of J&K as per our convenience in data collection and is based mainly on the primary data collected from ReTs with the help of a well drafted pre tested structured questionnaire. The questionnaire was divided into 3 sections. The first section extracted the background information of the ReT teachers. The second section contained 25 statements assessing the satisfaction level of ReT teachers. To reduce these 25 statements into meaning ful factors, Factor analytical approach has been applied on the responses of 120 ReTs. To have more clarity in factor solution and to reduce the inaccuracies, the varimax method of rotation of factors was used.

However, before applying factor analysis the data adequacy tests for factor analysis were carried out. Correlation matrix was computed and enough correlations were found to go ahead with factor analysis. The value of the KMO was calculated.Overall measure of sample adequacy was found to be 0.780 which is also very large. It supports that the sample was good enough for factor analysis.. Thus, factor analysis was considered as an appropriate technique for analyzing the given data. The third section extracted the information regarding the problems encountered by ReT teachers.

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.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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