A recent press report said that Private life insurer, IDBI Federal Life Insurance, has launched a unit-linked insurance product that offers, among other benefits, lump-sum cash of up to Rs 20 lakh to be paid upon diagnosis of any of the 17 specified major diseases. Reports said that the minimum premium amount for the product… Read More »
A recent press report said that Home loans major HDFC Ltd has hiked its retail prime lending rate by 50 basis points to 16.5 per cent, with effect from August 1, 2011. Reports said that the revised interest rates on floating rate home loan up to Rs 30 lakh has become 10.75 per cent; for… Read More »
Purpose – The Scheme aims at the following objectives: a. To augment flow of credit to tenant farmer’s cultivating land either as oral lessees or sharecroppers and small farmers who do not have proper title of their land holding through formation and financing of JLGs. b. To extent collateral free loans to target clients through… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
A recent press report said that Canara Bank is expecting about Rs. 1,200-crore business this year from its 150 financial inclusion branches in the country. Ms. Archana S. Bhargava, Executive Director, Canara Bank, told the press that the bank was treating financial inclusion as a business opportunity and that the bank is expecting that the… Read More »
Purpose – To finance working capital & term loan need to Retails & wholesale trading activities Eligibility – Existing enterprises engaged in business for at least 2 years & earning profit during last 2 years. Quantum of Loan – Minimum Rs. 50,000- Maximum Rs. 50 lakhs Constitution – Individual Proprietorship Partnership Limited… Read More »
Purpose – To provide user friendly substitute of Kerosene lamps for Home lighting; stands by arrangement for home lighting at the time of load shedding; Assist rural people who are mostly the farmers and artisan to take up economic activities after sunset. Area of Operation – All Branches of the Bank Eligibility – … Read More »
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 »
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 »
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 »