The concept of ‘Priority sector lending’ focuses on the idea of directing the lending of the banks towards a few specified sectors and activities in the economy. The term ‘priority sector’ indicates those activities which have national importance and have been assigned priority for development. These primarily include agriculture, small industries, etc. The case has […]

Government of India launched Swarnjayanti Gram Swarozgar Yojana (SGSY) scheme after restructuring the Integrated Rural Development Programme (IRDP) from April 1, 1999 in the rural area of the country. SGSY was effective up to 31st March 2013. The Ministry of Rural Development, Government of India launched a new programme known as National Rural Livelihoods Mission […]

The Consumer Protection Act has been enacted for the purpose of providing timely and effective administration and settlement of consumer disputes and related matters. The Government instead of bringing an amendment in the 1986 Act, enacted a new Act altogether so as to provide enhanced protection to the consumers taking into consideration the booming e-commerce […]

PMEGP is a new MSME Scheme of Govt. of India by merging REGP and PMRY scheme launched on 04-04-2008. State Khadi & V.I. Board and District Industries Centre of State Government have also been associated in implementation of the programme. Special Package of subsidy to promote rural industrialization. Empowering entrepreneurs through Skill Development and entrepreneurial […]

TReDS Platform TReDS is an institutional mechanism set up to facilitate the discounting of invoices for MSMEs. It is an electronic platform for facilitating the financing / discounting of Micro, Small, and Medium enterprises (MSMEs) trade receivables through multiple financiers. These receivables can be due from corporates and other buyers, including Government Departments and Public […]

Introduction An advance made by a bank is generally covered by primary or collateral securities. The effectiveness of the security depends on the nature of security. The securities can be classified into two aspects, economic and legal aspects. The economic aspect covers marketability, valuation, and other economic factors of the security. The other legal aspect […]