Social Sciences, asked by bukyasangeetha, 3 months ago

how is SHG loan different from an individual loan?

Answers

Answered by sh123prajapat

Answer:

(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

Answered by Guru181

Answer:

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

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