question_answer

    What are Shrenis? What were their functions?                                                                                                 

Answer:

Many craftspersons and merchants formed associations known as Shrenis. They performed the following functions:

(i) These shrenis of craftspersons provided training, procured raw material and distributed the finished products.

(ii) The shrenis of merchants organised trade.

(iii) Shrenis also served as banks where rich men and women deposited money, which was invested and part of the interest was returned or used to support religious institutions such as monasteries.