15. What is the difference between bank loans taken directly and through S.H.G?
Answers
ʙᴀɴᴋ ʟᴏᴀɴ ᴀᴅᴠᴀɴᴄᴇs ᴛʜᴇ ʟᴏᴀɴ ʙʏ ᴍᴏʀᴛɢᴀɢɪɴɢ ᴀɴʏ ᴘʀᴏᴘᴇʀᴛʏ ᴀs ᴄᴏʟʟᴀᴛᴇʀᴀʟ, ʙᴜᴛ sʜɢ ᴀᴅᴠᴀɴᴄᴇs ᴛʜᴇɪʀ ʟᴏᴀɴ ᴡɪᴛʜᴏᴜᴛ ᴀɴʏ ᴄᴏʟʟᴀᴛᴇʀᴀʟ. ʙᴏᴛʜ ᴀʀᴇ ᴛʜᴇ ғᴏʀᴍᴀʟ sᴏᴜʀᴄᴇs ᴏғ ᴄʀᴇᴅɪᴛ, ʙᴜᴛ ᴛʜᴇ ᴀᴅᴠᴀɴᴄᴇᴍᴇɴᴛ ᴘʀᴏᴄᴇᴅᴜʀᴇ ᴀɴᴅ ᴡᴏʀᴋɪɴɢ ᴏғ ᴛʜᴇ sʏsᴛᴇᴍ ɪs ᴅɪғғᴇʀᴇɴᴛ. ʙᴀɴᴋ ᴀᴄᴄᴇᴘᴛ ᴛʜᴇ ᴅᴇᴘᴏsɪᴛ ғʀᴏᴍ ᴛʜᴇ ᴅᴇᴘᴏsɪᴛᴏʀs ᴀɴᴅ ᴀᴅᴠᴀɴᴄᴇ ᴛʜᴀᴛ ᴀᴍᴏᴜɴᴛ ᴋᴇᴇᴘɪɴɢ ᴀ ғʀᴀᴄᴛɪᴏɴ ᴏғ ʀᴀᴛɪᴏ ᴀs ᴀ ʀᴇsᴇʀᴠᴇ ᴛʜᴇʏ ᴀᴅᴠᴀɴᴄᴇ ᴛʜᴀᴛ ᴀᴍᴏᴜɴᴛ ᴀs ʟᴏᴀɴ. ᴛʜᴇ ᴍᴇᴍʙᴇʀs ᴏғ ᴛʜᴇ ᴏʀɢᴀɴɪᴢᴀᴛɪᴏɴ sᴀᴠᴇ ᴛʜᴇɪʀ ᴍᴏɴᴇʏ ʙʏ ғɪxɪɴɢ ᴀɴ ᴀᴍᴏᴜɴᴛ ᴛᴏ ʙᴇ ᴅᴇᴘᴏsɪᴛᴇᴅ ᴡᴇᴇᴋʟʏ, ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴡɪʟʟ ʙᴇ sᴜᴄʜ ᴇᴠᴇʀʏᴏɴᴇ ᴄᴀɴ ᴀғғᴏʀᴅ ᴛʜᴀᴛ. ᴛʜᴀᴛ ᴅᴇᴘᴏsɪᴛᴇᴅ ᴍᴏɴᴇʏ ᴄᴀɴ ʙᴇ ᴀᴅᴠᴀɴᴄᴇᴅ ᴀs ᴀ ʟᴏᴀɴ ᴛᴏ ᴀɴʏ ᴏғ ᴛʜᴇ ᴍᴇᴍʙᴇʀ ɪɴ ᴛʜᴇ ɢʀᴏᴜᴘ ᴡʜᴏ ɪs ᴀᴄᴛᴜᴀʟʟʏ ɪɴ ɴᴇᴇᴅ ᴏғ ɪᴛ, ʙᴜᴛ ᴛʜᴇ ʟᴏᴀɴ ᴡɪʟʟ ʙᴇ ᴀᴅᴠᴀɴᴄᴇᴅ ʙʏ ᴛʜᴇ ᴄᴏɴsᴇɴᴛ ᴛʜᴇ ɢʀᴏᴜᴘ ᴍᴇᴍʙᴇʀs.
ʙᴀɴᴋs ᴡᴏʀᴋs ᴀs ᴀ ғᴏʀᴍᴀʟ ᴏʀɢᴀɴɪᴢᴀᴛɪᴏɴ ᴡʜɪᴄʜ ɪs ʀᴇɢɪsᴛᴇʀᴇᴅ, ʙᴜᴛ ᴛʜᴇ sʜɢ ᴄᴀɴ ʙᴇ ᴡɪᴛʜ ʀᴇɢɪsᴛᴇʀᴇᴅ ᴏʀ ᴜɴʀᴇɢɪsᴛᴇʀᴇᴅ. ᴛʜᴇ ʀᴜʟᴇs ɪɴ ᴛʜᴇ ʙᴀɴᴋs ᴍᴀᴋᴇ ᴛʜᴇ ʟᴏᴀɴ ᴘʀᴏᴄᴇᴅᴜʀᴇ ʀɪɢɪᴅ ᴡʜᴇʀᴇᴀs ᴛʜᴇ sʜɢs ɢɪᴠᴇ ʟᴏᴀɴs ᴛᴏ ᴛʜᴇ ᴍᴇᴍʙᴇʀs ɪᴛsᴇʟғ ᴀɴᴅ ᴡɪᴛʜᴏᴜᴛ ᴀɴʏ ʀɪɢɪᴅ ᴘʀᴏᴄᴇᴅᴜʀᴇs.
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Bank loan advances the loan by mortgaging any property as collateral, but SHG advances their loan without any collateral. ... That deposited money can be advanced as a loan to any of the member in the group who is actually in need of it, but the loan will be advanced by the consent the group members.
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