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mudra yojana scheme

MUDRA Loan: Pradhan Mandri MUDRA Yojana (PMMY) Scheme Details

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MUDRA (Micro Units Development and Refinance Agency Ltd) is a financial Institution created by Government to support small scale industries and Startup. It provides support to small industries by financing through Banks, Non Banking Finance Companies (NBFC) and Micro Finance Institutions (MFI). MUDRA was introduced in 2016 by Union Finance Minister to provide easy and …

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PCA

What is Prompt Corrective Action (PCA) Framework for Banks?

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Prompt Corrective Action (PCA) is a defense mechanism created by RBI for monitoring and safeguarding the banks from financial collapse. Thus the PCA is a process or mechanism under which RBI can initiate a corrective action on banks. Which involves monitoring of certain performance indicators of the banks as an early warning exercise for financial …

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Pledge VS Hypothecation VS Mortgage

Pledge VS Hypothecation VS Mortgage |Differences & Comparison

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If you want to apply for loan with some kind of security like Gold, Vehicle, Buildings as a guarantee. To safeguard the loan, banks will create charge on the security you propose. There are three common types of charges banks and financial institutions create on the security namely Pledge, Hypothecation and Mortgage. You might have …

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