हिंदी

Explain the following term/concept. Collateral Free Loan. - Organisation of Commerce and Management

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प्रश्न

Explain the following term/concept.

Collateral Free Loan.

टिप्पणी लिखिए

उत्तर

  1. Collateral free loans are SHGs small loans provided to poor individuals for undertaking Self-employment projects.
  2. Loans are given on the principle of mutual trust and either minimum or no documentation.
  3. The rate of interest generally charged are higher than the interest charged by banks.
  4. It saves the poor individuals from the clutches of local money lenders.
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Institutes Supporting Business
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 6: Institutes Supporting Business - Exercise Q.2 [पृष्ठ १३६]

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बालभारती Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
अध्याय 6 Institutes Supporting Business
Exercise Q.2 | Q 5 | पृष्ठ १३६
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