Types of Agricultural Loans in India
There are several types of agricultural credit, including Short-term credit, Medium-term credit, Long-term credit, Crop Loans, Farm development Loans, Live- stock loans, Kisan Credit cards, Agribusiness loans, agricultural real estate loans, allied agricultural loans, equipment loans, warehouse receipt loan, Forestry loans, Horticulture loan, Multipurpose Gold Loan, Solar pump set loan, etc. Short-term credit: Farmers use…
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What is Projected Net Working Capital?
Projected net working capital (NWC) is the difference between a company’s projected current assets and current liabilities. (i) Projected current assets are the aggregate current assets of a seller, excluding excluded assets, projected as of the Closing Date, and expressly including the value of the inventory as determined consistent with past practice, (ii) Projected current…
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Sources of Working Capital & its Estimation Operating Cycle
Working capital is the operating capital of a business that is used in its day-to-day operations, calculated as the current assets minus the current liabilities. The positive working capital commonly indicates that a company can pay off its short-term liabilities almost immediately. Source of working capital: Sources of working capital are Share Capital, retained profits,…
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Cardinal principles of lending
Three cardinal principles of bank lending have been followed by commercial banks in the employment of their funds. These are the principles of safety, liquidity, and profitability. Safety The important principle of lending is safety which refers to the important fact that the borrower should be able to repay the loan based on character, capacity…
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Bank Retirees Group Medical Insurance Policy premium payable details for 2024-25
According to news in circulations, Bank Employees Union AIBEA issued a circular on 30.09.2024 about Medical Insurance Policy premium details for joint and single life, and for the Top-up payable by Bank Retirees and family pensioners. From the circular, it is unclear whether a retiree can opt for a lower limit for base or top-up…
Interest rates unchanged on small savings instruments for Oct–Dec 2024
Govt. keeps interest rates unchanged on small savings schemes for the third quarter starting October 1 The rate of Interest chart: Scheme Interest rate for October-December 2024 Interest rate for July – September 2024 Interest compounded Savings account 4.00% 4.00% Annual rest 1-year time deposit 6.90% 6.90% Quarterly rest 2-years’ time deposit 7.00% 7.00% Quarterly…
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