Category Archives: Glossary

Bihar Kshetriya Gramin Bank – BIG – SHIKSHA

Big – Shiksha is the education loan offered by the bank. It is offered to deserving candidates of the country.   Purpose –           To offer financial assistance to deserving students of the country to pursue higher education   Eligibility – Student of Indian Nationality; Secured admission to professional / technical course in India or Abroad… Read More »

Bihar Kshetriya Gramin Bank BIG – SECURITY

  Purpose – To extend financial assistance in terms of Cash Credit Demand Loan to meet unforeseen domestic expenses Target –           Individual and association of persons attaining age of majority. Eligibility –           Who posses Bank’s Own deposit (Term Recurring, NSC, KVP & LIC Policy) Quantum of Loan –           Bank’s own deposit Max CCDemand Loan Limit… Read More »

Bihar Kshetriya Gramin Bank – BIG – KRISHI

  Purpose –           The loan is offered for the purchase of tractor and other agricultural machinery   Eligibility –           Tractor – minimum land holding 4 acres of perennial irrigated land; Minimum of 1000 hrs of production work in agriculture per year on own farm or both own farm & custom services. Power Tiller – minimum… Read More »

Bihar Kshetriya Gramin Bank – “Big – Consumer”

Purpose –           Scheme           a Scheme for purchase of consumer goods & computer Hardware & legal software.   Eligibility – All resident Indians salaried, professional, self-employed businessman   Quantum of Loan – Maximum amount Rs. 1.00 Lac (For salaried person: 10 times of net monthly emolument or Rs 1 lakh whichever is less)   Margin –… Read More »

UBI has sanctioned Rs 100 crore loan to Bandhan Financial Services

A recent press report said that Kolkata-based United Bank of India has just sanctioned Rs. 100-crore loan to Bandhan Financial Services, the country’s fourth-largest microfinance institution (MFI) by assets. Reports said that it is the largest loan offered to an MFI after banks virtually stopped lending to such firms after an October 2010 ordinance by… Read More »

Krishna Grameena Bank – Education Loan

Purpose                      – To offer financial assistance to meritorious     students    for pursuing higher education in India and abroad   Eligibility                     – Professional courses, engineering, medical, agriculture, veterinary, dental medicine.  Courses conducted by IIM, IIT etc. Studies abroad: Job oriented professional or Technical courses offered by reputed universities.   Loan amount              – Need based finance subject to… Read More »