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NABARD Development Assistant / Development Assistant (Hindi) Examination: This exam is conducted to recruit Development Assistant ( DA in Group 'B'). Unlike, the Grade-A and Grade-B Examinations, this exam is meant to induct the clerical staff in NABARD which plays an imminent role in fulfilling aims of the orgranisation.
Chit Fund Companies (Section 2 of Chit Fund Act) Alternative Investment Companies. Micro Finance Companies - The Task Force on Supportive Policy and Regulatory Framework for Microfinance set up by NABARD in 1999 provided various recommendations. Accordingly, it was decided to exempt NBFCs which are engaged in micro financing activities ...
[1] [2] Joint Liability Group is a group of 4-10 people of the same village or locality of homogenous nature and of the same socioeconomic background who mutually come together to form a group for the purpose of availing loan from a bank without any collateral.
SIDBI also coordinates the functions of institutions engaged in similar activities. It was established in 1990, [2] through an Act of Parliament. [3] SIDBI is one of the five All India Financial Institutions regulated and supervised by the Reserve Bank of India. The other four are Exim Bank Of India, NABARD, NABFID and NHB. They play a ...
The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian public sector banks to issue kisan credit card to the farmers of India.This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of the R. V. Gupta Committee [1] to provide advances for agricultural needs.
These banks would have low entry requirements and existing banks would be allowed to form subsidiaries under this category. The panel also recommended the formation of another category called wholesale banks, to provide liquidity to other banks and financial institutions which are creating assets in the priority sector. The entry requirement ...
A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...
Micro Units Development and Refinance Agency Bank (or MUDRA Bank) [1]) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015. [2]