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Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income ...
Bankim Chandra Chattopadhyay, one of the first Graduates of Presidency College, was marked absent in the attendance record of the class of 1858-59. Volumes of the journal by the alumni, "Autumn Annual", edited by Late Nabanita Deb Sen. Issues of the Bengali science journal "Jnan O Bijnan" that were published from 1948-2020. [9]
The program was renamed to National Talent Search Scheme with the NTSE examination now being conducted for classes X, XI, and XII. Currently, the NTSE exam is conducted only for 10th class students in India in two phases with subjects relating to Mental Ability Test and Scholastic Aptitude Test (SAT) for 100 marks each. [6] [7]
The SARFAESI act applies to the whole of India for the securitisation, reconstruction of financial assets and enforcement of the security interest. The act applies to all the financial institutions established as securitisation companies or asset reconstruction companies registered by the reserve bank of India.
SME finance is the funding of small and medium-sized enterprises, and represents a major function of the general business finance market in which capital for different types of firms are supplied, acquired, and costed or priced.
Offering loans at interest and fee rates of 37% mean that borrowers who do not manage to earn at least a 37% rate of return may actually end up poorer as a result of accepting the loans. Example of a loan contract, using flat rate calculation, from rural Cambodia. Loan is for 400,000 riels at 4% flat (16,000 riels) interest per month.
In September 2001, the ministry was split into the Ministry of Small Scale Industries and the Ministry of Agro and Rural Industries. The President of India amended the Government of India (Allocation of Business) Rules, 1961, under the notification dated 9 May 2007. Pursuant to this amendment, they were merged into a single ministry.
Small finance banks (SFB) are a type of niche banks in India.Banks with a SFB license can provide basic banking service of acceptance of deposits and lending.The aim behind these is to provide financial inclusion to sections of the economy not being served by other banks, such as small business units, small and marginal farmers, micro and small industries and unorganised sector entities.