Answer:
Craftsmen and artisans formed associations called guilds or shrenis. The enormous manufacturing activity was maintained by these guilds. Some guilds organized their own distribution system. They owned a large number of boats to transport goods from various ports. Guilds had their own laws regarding organization, production, fixation of prices of commodities etc. They settled disputes among members. They also provided training and procured raw material. They also served as banks. The rich people deposited money and earned interest. The guilds loaned money to artisans and merchants. The taxes paid by the guilds formed an important source of income to the state.
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