Recently the government decided to give a interest subvention of 2% to borrowers under “SHISHU” Category of Prandhan Mantri Mudra yojana . Under “SHISHU” Category collateral free loan upto 50000 is given. These loans are classified as MUDRA loans under PMMY. These loans are given by commercial banks, RRBs, small finance banks, MFIs and NBFCs. Details about the MUDRA scheme is important prelims.
Relevance: Cooperative banks are those banks which provide financial support to agriculturist, rural industries and to trade and industries of urban areas (up to a limited extent). The cooperative banks are registered under Cooperative Societies [Read More]
Presently India is facing a severe demand slump which has not only affected the automobile sector but several other sectors as well which has the potentiality of severely damaging the growth potentiality of India. [Read More]
The National Bank for Agriculture and Rural Development (NABARD) has launched the ‘Structured Finance and Partial Guarantee Program for NBFC-MFIs,‘ a dedicated debt and credit guarantee offering, to ensure unhindered credit flow to the last [Read More]
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