What are the Clean Bills, Documentary Bills, Demand Bills, Usance Bills and Accommodation Bills?

The word ‘bills’ is the acronym to ‘bills of exchange’.  There are different kinds of bills of exchange viz.  Clean Bills, Documentary bill, Demand bills, Usance Bills, Accommodation Bills etc. Clean Bill: When the document of title to goods (like LR/RR/BL/Airway bill etc.) is not accompanied by a bill of exchange, it is called as a clean…

Concessional Loans available to minority communities in India

The Sikhs, Muslims, Christians, Zoroastrians, Buddhists, Jains communities in India are classified as minority communities as per notification of Ministry of Welfare, Government of India. In 121 districts in the country, the minority population exceeds 25% of total population of the districts. Further, in the states of J & K, Punjab, Meghalaya, Mizoram, Nagaland and…

Interest concession under DAY-NRLM to Women SHGs

[Government’s support to women SHGs in rural area under Deenadayal Anthyodaya Yojana- National Rural livelihoods Mission  DAY-NRLM – (Corpus from Revolving Fund, ‘Panchasutra of good SHGs, CIF loan, the maximum amount of loan, repayment schedule, margin and security for the Bank loans)] Who can form SHG under DAY-NRLM? Women Self Help Group (SHG) under DAY-NRLM is the…

All about feature films financing

[This article offers process of credit facilities to film industry under cash budget & Line of credits (LOCs)] The feature film production involves buying script, evolving screenplays, dialogs, scouting site location, film shooting, music recording, lab processing and post-production activities such as editing, dubbing, re-recording, mixing, taking final prints, obtaining censor clearance and release of…

Key features of amendment 2016 to SARFAESI ACT 2002

Latest:  A few sections relating to registration of security interest by secured and other creditors, the effect of registration of transactions, right of enforcement of securities, and priority to secured creditors were not notified in the said amendment.  In view of the foregoing Section 17 to Section 19 of the 2016 Act have been notified…

All about ‘S4A’: The Scheme for restructuring Stressed Assets

(This article elucidates comprehensively about S4A (‘Scheme for Sustainable Structuring of Stressed Assets’) to tackle the problem loans of large projects. The article also covers  S4A- post resolution, with regard to management issues, Asset Classification, and Provisioning) The newly announced ‘Scheme for Sustainable Structuring of Stressed Assets’ (S4A) by RBI  is outlined to tackle the…

Activities of Self-Help Groups (SHGs)

(This article elucidates about self-help groups, their activities, loan facilities from banks, advantages of lending to SHGs, Aajeevika- National Rural livelihoods Mission (NRLM) for women SHGs in rural areas.) Women Self Help Group (SHG) is the group voluntarily formed by 10-20 women involved in livelihood activities like making candles, artificial jewellery, pavement vendors, hawkers, tailoring…