what was the purpose of forming shrenis?

  • Many crafts persons and merchants formed associations known as shrenis in thriving towns like Mathura about 2000 years ago
  • These shrenis of crafts persons provided training, procured raw material, and distributed the finished product.
  • Then shrenis of merchants organised the trade.
  • Shrenis also served as banks, where rich men and women deposited money. This was invested, and part of the interest was returned or used to support religious institutions such as monasteries. 

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