Archana visited her native village during her vacations and found that the money lender in the village was exploiting the farmers. He was charging a very high rate of interest on the money he had lended to the farmers. Archana decided to help farmers. She met all the farmers along with her grandfather and told them about the various options for raising funds instead of going to money lender. She was able to convince farmers to pool their own resources and form an organisation, so that the members can take loan from this organisation at reasonable interest, as and when funds are required. The purpose of opening such organisation was not to make profits but to provide help to members. (a) Name the form of organisation opened by farmers on the plea of Archana. (b) Who can become the members of the above identified organisation? (c) Identity the motive of the above organisations? (d) What is the minimum number of persons required to form such organisation? (e) Under which Act, these organisations are governed? (f) Is registration compulsory for the above Societies ?
Answers
Answer:
A. Self-Help Group
B. Women, marginalized groups of the societal strata, farmers etc.
C. Promoting financial self-dependence among the weaker sections of the society in rural areas, which in turn leads to social independence and strength.
D. Women : 10-15 ; Tribals, Specially Abled : 5
E. Societies Act, or their respective State's Cooperative Act.
F. It is not mandatory, but recommended.
A. Self-Help Group
B. Women, marginalized groups of the societal strata, farmers etc.
C. Promoting financial self-dependence among the weaker sections of the society in rural areas, which in turn leads to social independence and strength.
D. Women : 10-15 ; Tribals, Specially Abled : 5
E. Societies Act, or their respective State's Cooperative Act.
F. It is not mandatory, but recommended.