Girdhari Lal runs a grocery store in a small locality. Being a man of high credibility, many people of his locality keep their savings with him. Manoj, his son, suggested him to start a cooperative society with members being the people who have kept their money with Girdhari Lal. Lately, if any member wants a loan, even that can be extended out of the pool of money at a nominal rate of interest. The move will also help to gain many benefits from the government.
(i) Suggest Girdhari Lal the suitable type of cooperative society.
(ii) How the society is both benefitted and restricted by the government?
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In the society where many people living and they are rich so he is getting profit
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