Question

Harjit Maan Visited her native village of Haryana during her vacation along with her parents. She 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 lent to the farmers. Harjit decided to help farmers. She met all the farmers along with her grandfather and told

them about the various options for raising fuds instead of going to money lenders. She was able to convince farmers to

pool their own resources and form an organisation; so that members can take loan from this organisation at reasonable

interest as and when required. The purpose of opening such organisation was not to make profit but to provide help to

members.

(i) Name the organisation formed by farmers by the support of Harjit Maan.

(ii) Who can become member of the above identified organisation.

(iii) What is the motive of this kind of organisation.

(iv) Under which Act are these organisations governed.? And is registration of such organisations compulsory​

Answer 1

Answer:

thnx for points

bro have a nyc evening