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 … [Read more...] about PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (P M E G P)
Trade Receivables Discounting System (TReDS)
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. … [Read more...] about Trade Receivables Discounting System (TReDS)
TYPES OF SECURITIES AND THEIR CHARACTERISTICS IN BANKS
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 … [Read more...] about TYPES OF SECURITIES AND THEIR CHARACTERISTICS IN BANKS
MORTGAGE – AN OVERVIEW
Introduction To safeguard their advances, a bank accepts different types of securities during the lending and creates a charge upon them. When land/buildings and fixed assets which are permanently fastened to the earth is offered as a security, it is charged by a mortgage in … [Read more...] about MORTGAGE – AN OVERVIEW
FORFAITING SERVICES – AN OVERVIEW
What is Forfaiting? Forfaiting in French means to give up one’s right. Thus, in forfaiting the exporter hands over the entire export bill with the forfaiter and obtains payments. The exporter has given up his right on the importer which is now taken by the forfaiter. By doing … [Read more...] about FORFAITING SERVICES – AN OVERVIEW