Enhancing Credit Flow to SC/ST Beneficiaries under Major Centrally Sponsored Schemes
The Reserve Bank of India (RBI) has periodically issued comprehensive guidelines and instructions to banks to promote the flow of credit to Scheduled Castes (SCs) and Scheduled Tribes (STs). In order to facilitate greater participation of SC/ST beneficiaries in availing credit facilities, it is imperative to enhance awareness of various schemes through effective communication strategies…
Read article
Who does Valuation of Land, Buildings, and Structural Life Assessment?
Overview Valuation refers to the process of determining the fair market value or realizable price of land, buildings, or other real estate assets. Accurate valuation is essential for various banking functions, including lending, asset monitoring, risk assessment, and legal proceedings. It helps ascertain not only the current market value but also the distressed or forced…
Read article
The Concept and Status of Home Information Packs (HIPs) in India: An Overview
IntroductionThe concept of Home Information Packs (HIPs) was once proposed in India to enhance transparency and protect the interests of homebuyers. Although the idea received preliminary attention, particularly from industry bodies such as ASSOCHAM, it did not evolve into a mandated or widely adopted framework. Instead, the real estate sector has shifted focus to alternative…
Read article
RBI Introduces Revised Project Finance Norms Effective October 1, 2025
Project finance, inherently complex and characterized by extended gestation periods, necessitates a robust and harmonized regulatory framework. In this context, the Reserve Bank of India (RBI) has undertaken a comprehensive review of the existing prudential norms governing projects under implementation. The outcome of this review is the issuance of the Reserve Bank of India (Project…
Read article
Why Reverse Mortgage Loan enabled Annuity/ RMLeA is a better option?
In our previous article we have explained about the Reverse Mortgage Loan (RML) Scheme, which offers regular income to senior citizen against pledging of their home with the lender. However, the RML product has not met with much success, because the scheme is not as supportive as expected to old age people. This is for…
Reverse mortgage loan scheme, windfall to senior citizen
Reverse mortgage loan scheme turn out to be windfall to senior citizen who needs financial help. The scheme also known as ‘RML scheme’ is created from Maintenance of Parents and Senior Citizen Bill 2007, by way of social security measure initiated by the Government of India. The RML scheme is also popular in other developed…
Read article