Advantages, Disadvantages of Credit Cards
Credit cards offer several benefits to merchants and cardholders. Benefits to merchants: Credit card transaction processing directly impacts a business’s ability to provide convenient and secure payment options for customers, which can affect sales, customer satisfaction, and overall growth. Enhanced customer experience By offering a simple, convenient credit card payment experience, businesses can meet the…
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Bank Retirees medical Insurance: Total premium payable with top-up coverage of 2 lakh, 3 lakh, 4 lakh and 5 lakh
National Insurance Co. now offers multiple top-coverage medical insurance policies for bank retirees under IBA medical policy for retirees. Now top-up is available for Rs.2 lakh, 3 lakh,4 lakh, and 5 lakh. The details are as follows; Top- up premium for retiree and spouse Top-up premium for retiree and spouse For Rs.2 lac 27101 including…
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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,…
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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…
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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…
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…
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