Purpose – Financial assistance to farmers having Contract Broiler Farming arrangements; Construction of poultry shed, feed room and purchase of equipment viz., pump set, water storage tank, feed mixing plant etc. Eligibility – Existing and new poultry farmers with experience and having undergone training in poultry farming, with adequate land and water resources;… Read More »
Purpose – Financial assistance to deserving /meritorious students pursuing higher education in India and abroad Eligible courses – All courses having employment prospects are eligible. Graduation/Post Graduation/Professional Courses, Other courses approved by UGC/Government/AICTE etc. Eligible expenses – a) Fees payable to college/hostel b) Examination/ Library /Laboratory fees c) Purchase of Books/ Equipment/ Instruments/ Uniforms d)… Read More »
Purpose – The loan is offered for the Purchase / construction of new/old house/flat, for repairing/renovating an existing house/flat, Furnishing the house/consumer durables as a part of project cost, take over of loans from other banks subject to conditions Eligibility – Individuals Quantum of Loan – Repairs /renovation 2 lakhs; for furnishings consumer durables and… Read More »
A recent press report said that the regular payment of education loan will help students to maintain their credit profile. Normally, education loans repayment starts six to twelve months after the completion of the course or after gaining an employment whichever is earlier. The report further said that in case the family income from all… Read More »
A recent press report said that Mr. Ramnath Pradeep, Chairman and Managing Director, Corporation Bank said that the Bank is aiming for a zero bad loans portfolio during its financial year. Further he also said that currently the net non-performing asset is about 0.47 per cent as a percentage of advances. Mr.Pradeep also says that… Read More »
A recent press report said that the State owned Corporation Bank has sought Rs.300 crore capital supports from the government to fund business growth. Mr.Ramanath Pradeep said that the bank had requested for capital infusion, the government will consider the same when it reviews the banking sector as a whole. He also said that the… Read More »
A recent press report said that Bajaj Auto has tied up with SBI to offer inventory finance to its dealers. Further the report said that this tie-up a cash credit facility ranging between Rs 25 lakh- Rs. 5 crore will be made available to Bajaj Auto’s dealers who predominantly fall in the small and medium… Read More »
A recent press report said that ICICI, union bank of India, Indian overseas bank, United Bank of India, Andhra Bank and State bank of Bikaner and Jaipur raised their lending rates by 59 basis points making auto, home and other loan expensive. The report also said that the decision of the banks to raise the… Read More »
A recent press report said that ICICI bank is offering a new home loan with a rate for two years fixed at 10.75%. ICICI bank pulled back from aggressive retail lending after the 2008 credit crisis will now offer loans that give a choice of fixed rate for either one or two years at a… Read More »
As per a recent press report the banks in India are now willing to sanction more personal loan than before. According to the report, an IT professional said that he was sanctioned a personal loan in no time last week after he responded to a SMS offering the loan, this sums up the positive shift… Read More »