Banking News

Category Archives: Loans and advances

  • CLCSS subsidy scheme for micro and small enterprises

    CLCSS subsidy scheme for micro and small enterprises

    The Credit Linked Capital Subsidy Scheme (CLCSS) is a scheme of subsidy offered to manufacturers (Micro & Small Enterprise) for technology up gradations. If you are a MSE (Micro & Small Enterprise) manufacturer and if you want to modernize your equipment/plant/machineries, you may get capital subsidy of up to…

  • What is risk management in agriculture?

    What is risk management in agriculture?

    Banks provide a number of credit facilities to customers engaged in activities related to agriculture. Many a time banks take the brunt when unforeseen disaster strikes the farmers in the form of ‘on-farm loss’ and or ‘off-farm losses.  These types of losses caused mainly due to production risk and…

  • How agriculture insurance helps farmers on crop losses?

    How agriculture insurance helps farmers on crop losses?

    The farmers in India have been inherently facing with on-farm risks like famine; flood, extreme weather etc. Though these types of natural risks cannot be totally avoided, there are many new on-field techniques developed in India to minimize the loss. However, the most important strategy to mitigate the risk…

  • How to submit PMEGP loan application online?

    How to submit PMEGP loan application online?

    Online submission of applications for loans under PMEGP is mandatory and no manual applications are allowed w.e.f. 01.05.2016. Individual loan applicants may submit PMEGP loan application to Khadi & Village Industries Commission under PMEGP scheme at following URL. https://www.kviconline.gov.in/pmegpeportal/jsp/pmegponline.jsp Before starting to enter the details and submission of the…

  • How Gold metal loans are sanctioned to jewellers?

    How Gold metal loans are sanctioned to jewellers?

    Banks that are nominated to import gold as per extant instructions of RBI,  may extend Gold (Metal) Loans to domestic jewellery manufacturers, (who are not exporters of jewellery) for non-export purpose and also to the jewellery manufacturers and exporters. Gold (Metal) Loans can be sanctioned only to gold jewellers,…

  • What is the rule in Clayton’s Case?

    What is the rule in Clayton’s Case?

    In case of running accounts like current account or cash credit accounts, normally there is no specific appropriation of funds to exact debit. In such cases it is the first item on the debit side that is discharged or reduced by the first item on the credit side. This…

  • What is credit monitoring of loans and advances?

    What is credit monitoring of loans and advances?

    Credit monitoring  strategies in a bank taking place in two stages namely pre-sanction stage and post sanction stage of loans and advances.  Pre-sanction process involves identification of borrower, the  purpose of  the loan, quantum of loan, period of loan, source of repayment, security for advance, profitability, pre-sanction unit inspection,…

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