Purpose: This is yet another loan scheme to finance the needs of farmers. Eligibility: Any farmer who is a Sharda Kisan Credit Card Holder, and has been regularly repaying the loan for last 3 years is eligible for this scheme of loan. Quantum of Loan: The maximum amount that can be granted as… Read More »
Purpose: This loan finances students with educational merit for higher education in India or abroad. Eligibility: Any student going for courses having employment prospects are eligible for this personal loan. Quantum of Loan: For studies in India, a maximum amount of Rs. 7.5 lakhs is granted as loan. For studies abroad, the maximum… Read More »
Andhra Pradesh Grameena Vikas Bank was formed on 31st March 2006 following a merger of 5 banks with SBI sponsorship. Nagarjuna Grameena Bank, Sri Visakha Grameena Bank, Sangameswara Grameena Bank, Manjira Grameena Bank and Kakathiya Grameena Bank merged together to form the Andhra Pradesh Grameena Vikas Bank. Andhra Pradesh Grameena Vikas Bank with 524 branches… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. It is jointly owned by Government of India, State Bank of Mysore and Government of Karnataka, the share capital is contributed in the ratio of 50:35:15 respectively. It is a Scheduled Commercial Banks permitted to carry all… Read More »
According to a recent press report SEBI settled the proceedings against Dena Bank in Alka Securities case. SEBI found Dena Bank transacting largely in the shares of Alka Securities during the period September 2008 and July 2009 based on sudden rise in price, trading volumes and off market transfers. In spite of selling large quantities… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. It is jointly owned by Government of India,… Read More »
Purpose: This loan finances cultivation of various crops. Eligibility: All categories of farmers – Small/Marginal (SF/MF) and others including Tenant farmers and Share Croppers who actually cultivate the lands are eligible to get this personal loan. Quantum of Loan: The loan amount depends up on the crop cultivated on the land. Rate… Read More »
Recent press reports said that the Reserve Bank of India has imposed a monetary penalty of Rs.1 lakh on The Limbasi Urban Co-operative Bank Limited, Limbasi Dist. Kheda, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for violation… Read More »
A recent press report said that the Reserve Bank of India (RBI) has asked the banks to tighten due diligence when giving loans to micro finance institutions (MFIs) to ensure that they follow rules that are to come into effect from the 1st April. The central bank said that the process should be initiated immediately… Read More »
Purpose- to make the small and marginal holdings economically viable to bring fallow lands and waste lands under cultivation, to step up agricultural production and productivity; The objective of the Scheme is to finance the farmers to purchase, develop and cultivate agricultural as well as fallow and waste land. Eligibility – Small and Marginal farmers who… Read More »