Question

How is a loan to an SHG member different from an individual loan by a bank manager

Answer 1

Answer:

Explanation:

IT IS DIFFERENT BECAUSE :-

(1) LOAN IS SANCTIONED IN THE NAME OF THE GROUP, WHILE FOR AN INDIVIDUAL IT IS SANCTIONED IN THE NAME OF THE PERSON.

(2) IN SHG , A PERSON CAN AVAIL LOAN BY THE CONTRIBUTION OF ALL MEMBER, WHILE AN INDIVIDUAL NEED TO SAVE MONEY ALL ALONE.

(3) IN SHG , THE COLLATERAL REQUIREMENT IS FULFILLED BY THE MEMBER OF SHG, WHILE AN INDIVIDUAL FULFILLED COLLATERAL REQUIREMENT ALL ALONE,

Answer 2

Explanation:

I think it is helpful to you