Social Sciences, asked by baby43, 1 year ago

what is the difference between bank loans taken directly and through SHGs

Answers

Answered by sri74

If we take loans from banks we have to pay more interest If we take loan from SHG we have to pay less interest.

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sri74: thank you

baby43: by the way ur answer is very short

baby43: but its ok

sri74: thank you so much

baby43: its ok

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Madhavi10: Too short....

Answered by bhavani2000life

Answer:

Bank Loans:

-> They require collateral.

-> They decides the term of Cloth.

-> The interest charged on loan is high.

Self Help Group:

-> SHG's don't require Collateral.

-> Here the group members decide the term of credit.

-> The interest charged is less when compared to that Bank.

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