ECONOMICS
CREDIT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Secretary
|
|
|
Treasurer
|
|
|
Group leader
|
|
|
Group members
|
Detailed explanation-1: -The majority of significant decisions pertaining to savings and loan activities are made by the members of “Self Help Groups” (SHGs).
Detailed explanation-2: -In an SHG most of the decisions regarding savings and loan activities are taken by its members.
Detailed explanation-3: -Banks lend no collateral loans to individuals when organised in SHGs because all group members are responsible for the repayment of loans.
Detailed explanation-4: -Who takes the important decisions of SHGs and why? Answer:. Most of the important decisions regarding the savings and loan activities are taken by the group members. The group decides as regards the loans to be granted-the purpose, amount, interest to be charged, repayment schedule, etc.
Detailed explanation-5: -In a SHG (Self Help Group) important decisions in regard to loan and savings are taken by group members. Self Help Groups issue loans at reasonable rate of interest.