Government modifies interest subvention scheme for MSMES, extends scheme till March 2021
The Ministry of MSME (MoMSME) has implemented the “Interest Subvention Scheme for Incremental credit to MSMEs” vide circular no. FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 dated February 21, 2019. According to the RBI circular, the term loan or working capital extended by Scheduled Commercial Banks to MSMEs are eligible under the scheme. Both manufacturing and service enterprises are eligible for…
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SEBI introduces Riskometer labeling norms on dividend options for mutual fund schemes
The Capital market regulator SEBI has reviewed the guidelines for product labeling in mutual funds and has decided to introduce, ‘Very High Risk’ as the sixth risk profile for the MF schemes. According to SEBI notification, this new mutual fund rule shall be in force with effect from January 1, 2021, to all the existing…
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These are IDRAI guidelines on health insurance policies
The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines to all General and Health Insurers offering indemnity-based Health Insurance products for both Individuals and Groups (excluding PA and Domestic / Overseas Travel). These provisions and guidelines were issued by IRDAI under the provisions of Section 34(1) of the Insurance Act, 1938, and…
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Revised rates for Group Medical Insurance Policy for Bank Retirees
National Insurance Company has sent their revised rates for Flexible Option coverage of Sum Insured. There is also an option to choose Self + Spouse or Self alone (in the case of single-person coverage). The group policy for a period of 12 months which commences from 1st November 2020 and ends on 31st October has…
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The high light of this year November 2020 to October 2021This time policy pensioner has the option to cover the Group Medical Insurance Policy for Retirees policy for Self+Spouce or self alone. Revised Group Medical Insurance Policy for Retirees has a flexible coverage scheme. Retirees also may also opt for the base insurance coverage of…
New rules on health insurance, DL, vehicle RC, foreign funds transfer, etc.
Effective from October 1, 2020, a number of changes taken place in respect of rules relating to health insurance coverage, driving licence , and registration certificate of vehicles, debit card, and credit card rules, Foreign fund transfer, FSSAI orders on foods, Ujwala connections, and Tax collection policy, etc. Here’s a brief look at the new…
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