Question

Q. 10 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 lent 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
formed 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 profit 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) What is the motive of this kind of organisation?
(d) What is the minimum number of persons required to form this kind of
organisation?
(e) Under which Act, these organisations are governed?
(f) is registration compulsory?
​

Answer 1

Answer:

sorry I didn't know.

.

.

.

Answer 2

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

Explanation: