Introduction For the improvement of customer service in the banking industry, RBI has provided a platform to customers for redressal of banking-related disputes. RBI notified the Banking Ombudsman Scheme 2006 u/s 35 A of Banking Regulation Act 1949. The scheme came into force … [Read more...] about BANKING OMBUDSMAN SCHEME
PRADHAN MANTRI AWAS YOJANA (PMAY)
Pradhan Mantri Awas Yojana (PMAY) is a mission started with an aim ‘Housing For All’ (HFA) scheme by NDA Government to be achieved by the year 2022, that is when India will be completing its 75 years of Independence. The mission started in 2015 and will be attained in seven years … [Read more...] about PRADHAN MANTRI AWAS YOJANA (PMAY)
HOUSING FINANCE IN INDIA
INTRODUCTION To consolidate framework of rules and regulations on Housing Finance issued by RBI Master Circular DBR.No.DIR.BC.13/08.12.001/2015-16 dated July 1, 2015. In pursuance of National Housing Policy of Central Government, Reserve Bank of India has been facilitating the … [Read more...] about HOUSING FINANCE IN INDIA
RIGHT TO INFORMATION (RTI) ACT, 2005
The basic objective of the Right to Information Act is to empower the citizens, to promote transparency and accountability in the working of the Government, and public authority. The act helps to mitigate the corruption, and to enhance people’s participation in democratic … [Read more...] about RIGHT TO INFORMATION (RTI) ACT, 2005
KISAN CREDIT CARD (KCC) SCHEME
KCC scheme was first introduced during the year 1998 for farmers on the basis of their holdings by the banks for purchase of agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs. The scheme was further extended for the investment … [Read more...] about KISAN CREDIT CARD (KCC) SCHEME