Interest subvention scheme for short-term Crop loans 2018-19

RBI vide its communiqué RBI/2017-18/190 FIDD.CO.FSD.BC.No.21/05.04.001/2017-18 dated June 7, 2018 advised all the Public & Private Sector Scheduled Commercial Banks as an interim measure, the Interest Subvention Scheme will be implemented in 2018-19 till further instructions are received from the Government, on the terms and conditions approved for the Scheme for 2017-18. It is communicated …

What is a Bridge Loan?

Bridge loan is a temporary short term loan taken by a person or company for a period ranging from 2-3 weeks to 52 weeks. Such loans are known as bridge loan because the loan helps in bridging the gap between short-term cash requirements and long-term loans or permanent source of funding. Bridge loans are also…

Resolution of Stressed Assets: RBI scraps all existing debt restructuring schemes

The Reserve Bank of India on Monday (12.02.2018) scrapped  all existing frameworks for revitalizing distressed assets such as Corporate Debt Restructuring (CDR) scheme , Flexible restructuring of long-term project loans(5/25) scheme, Strategic Debt Restructuring (SDR) scheme, Scheme for Sustainable Structuring of Stressed Assets(S4A). The Joint Lendes’ Foroum (JLF) as an institutional mechanism for resolution of…

PMEGP-Frequently Asked Questions

We have been receiving lots of queries from our readers about Prime Minister’s Employment Generation Programme (PMEGP). Some of the frequently asked questions are answered here. Q: I’m in the business of readymade garments, hosiery goods, other articles of clothing and clothing accessories such as gloves, ties, braces etc. Whether I’m eligible for loan under…

Different Types of Bank Borrowers

There are different types of bank borrowers. They may be classified as individuals, partnership firms, private limited, public limited companies, large corporate, public sector undertakings, multinational companies etc. The financial and non-financial credit facilities required to the above customers are many. We can divide them in to retail borrowers and corporate borrowers. Retail Borrowers: The…