Question

V.1 Arrange the following in correct sequence:
1. Members can take small loans al
1. Members of SHG meet and save regularly -
III. Loan is sanctioned in the name of the group
IV. The group charges interest on loans ,​

Answer 1

Answer:

(i), (iv), (ii), (iii)

Explanation:

(i)From SHGs members can take a loan for personal uses like buying seeds,etc.

(iv)Then it charges interest rate for the loan which is less compared to informal sources

(ii)Then once repaid they start meeting and collecting money regularly about Rs.25to Rs.100

how much ever they could pay

(iii)so after saving for more than a year banks are ready to sanction loans for SHGs on its name

Answer 2

Correct order--2 1 4 3