Banks feel the need to educate the consumer on financial literacy and in a move to stress this Reserve Bank came out with a concept paper on the subject and Financial Literacy and Credit Counselling (FLCC) centres in April 2008. These centres could be a great resource for loan applicants as a final step in… Read More »
The banks are fighting tooth and nail to get the government to agree to reduce the interest rates on the savings account which is already a measly (at least from the common man’s perspective!) 3.5%. The savings account rates are dictated by the Reserve Bank of India which is an indirect indicator of the government’s… Read More »
If you are determined to stand on your own feet, then no disabilities matter. “I am 38 years old and physically handicapped (polio affected). As per the Government’s various plans for handicapped persons, I am liable to get a loan to start a business. However, I haven’t found any Government department so far that could… Read More »