Explained: Operational aspects of credit cards
A Credit card holder is the customer, or consumer, who is using the card for payment or cash withdrawal. Credit card holders can also add authorized users to their account. The authorized user can make purchases, but the primary holder is still responsible for the debt. Credit card issuer: Financial institutions, usually banks and NBFCs,…
Read article
Interest subvention scheme for women SHGs under DAY-NRLM
Women Self Help Group (SHG) under DAY-NRLM is a group voluntarily formed by 10-15 women. The special SHG can be formed with 5 persons in the difficult area, remote area, or groups with disabled persons, consisting minimum of 5 persons. The other persons with disabilities, the elders, and trans-genders can only form SHG with both…
Read article
Role of NGOs in Indirect Finance to SHGs
Commercial Banks are directly financing Self Help Groups (SHGs) or Financing SHGs, which are organized by NGOs etc. directly (Direct Linkage). Banks also Finance NGOs/MFIs for on-lending to SHGs organized by them (Indirect Linkage). Role of NGOs in financing SHG: Non-government organizations (NGOs) are doing a remarkable job in the area of socioeconomic, cultural, and…
Read article
PMRY: Government Sponsored Scheme
The Pradhan Mantri Rozgar Yojana (PMRY) is a Central government-sponsored scheme that helps educated unemployed people start self-employment ventures through business routes and industry services. The scheme has been in operation since October 2, 1993. Features of the PMRY scheme: Eligibility Criteria: 1. 8TH CLASS PASS 2. Age group between 18-40 years as…
Read article
Government sponsored Schemes: SRMS scheme in place of SLRS
The Scheme of Liberation and Rehabilitation of Scavengers (SLRS) is a government program launched on March 22, 1992. The scheme aims to help people who manually remove night soil and filth transition to cleaner, more dignified work. The scheme envisages primarily people of scheduled caste communities and helps those who manually remove night soil and…
Government Sponsored scheme: DAY-NULM/ (SJSRY)
The Swarna Jayanti Shahari Rozgar Yojana (SJSRY) was launched on 01.12.1997 after subsuming the earlier three schemes for urban poverty alleviation, namely Nehru Rozgar Yojana (NRY), Urban Basic Services for the Poor (UBSP), and Prime Minister’s Integrated Urban Poverty Eradication Programme (PMIUPEP). The Swarna Jayanti Shahari Rozgar Yojana (SJSRY) was renamed the National Urban Livelihoods…
Read article