Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is one of the ambitious Social Security Schemes of the Government of India, launched by the Prime Minister Narendra Modi on 9 May, 2015. This is an Insurance Scheme offering life insurance cover for death due to any reason, i.e., it covers both natural and accidental death risks. The maximum sum assured offered under this...
Social Media
Category: Banking
How are a NABARD Officer’s Job and Responsibilities Different from Scheduled Commercial a Bank PO Officer
NABARD or the National Bank of Agriculture & Rural Development has been constituted for providing, effective support for Agricultural Credit and sustainable Rural Development, and Refinance to Commercial Banks.
A scheduled bank, in India, refers to a bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934. Bank...
MUDRA Bank Aimed at Funding the Unfunded will Contribute Substantially to Job Creation in the Economy
MUDRA Bank (Micro Units Development and Refinance Agency Bank), is a new institution set up by the Government of India for development of micro units and refinance of Micro Finance Institutions (MFIs) to encourage entrepreneurship in India and provide the funding to the non corporate small business sector. Finance Minister Shri Arun Jaitley, while presenting the Budget for FY 2015-16 had announ...
Mission Indradhanush
Mission Indradhanush is full immunization drive against preventable childhood diseases. The drive has been launched by the Ministry of Health and Family Welfare, Government of India in December 2014 to strengthen and achieve full immunization coverage for all children. The Mission aims at ensuring that all children under the age of two years and pregnant women are fully immunized with all available vaccines.
...Digital Banking
Digital banking is an idea whereby we have a banking system created with a vision to cater to the needs of customers through digital augmentation. The concept of digital banking is totally founded on digital core infrastructure consistent with enterprise wide, cleansed data store which is accessible internally as well as externally to the customers through strata of access layers. The establishment of digital ...
Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY)
Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) is one of the flagship programmes of the Ministry of Power to facilitate 24x7 supply of power. The scheme has been launched with a clear cut objectives to enable to initiate reforms in the rural areas. The twin targeted goals of the scheme focuses on feeder separation (rural households & agricultural) and strengthening of sub-transmission & distrib...
Atal Pension Yojana
Atal Pension Yojana is a government-backed pension scheme in India. The new initiative, motivated by the Government's concern for old age income security for the working poor, particularly in the unorganized sector, was announced in the budget proposals 2015-16 and was formally launched from 1st June, 2015. The scheme is to raise the living standard of the uninsured workers in the unorganized sector by inspiri...
Asset Reconstruction Companies have not been Able to Perform their Function of Asset Reconstruction of NPAs of Banks
Asset Reconstruction Company (ARC), purchases bad loans or Non-Performing Assets (NPAs) of Commercial Banks and Financial Institutions and provides focused approach to NPAs by isolating them from the financial system, freeing financial system to focus on their core activities; and facilitating development of market for distressed assets. Althou...