#nationalized banks in india

[insightfultake]

The Road to 2047: Can India Achieve High-Income Status?

For years, India has been celebrated as the world's fastest-growing major economy. But economic growth alone isn’t enough. The real question is: Can this growth be sustained at an ambitious 7.8% annually for the next two decades? According to a recent World Bank report, this is the magic number India must achieve to transition into a high-income country by 2047, just in time for its centenary as an independent nation. But is this an achievable goal, or is it just another lofty aspiration in a country where economic progress often collides with ground realities?

[fincrif]

Government & Special Schemes: A Complete Guide to Personal Loans

When it comes to financing personal expenses, a personal loan can be a valuable tool. However, did you know that there are several government-backed schemes and special loan programs designed to make personal loans more accessible and affordable for various groups of people? Whether you are a government employee, a first-time homebuyer, or an individual with specific financial needs, understanding these schemes can help you secure better terms and lower interest rates.

In this article, we will explore government and special schemes that offer financial assistance, discuss how these programs work, and provide a list of lenders who offer personal loans under these schemes.

1. Government Schemes for Personal Loans in India

1.1 Pradhan Mantri Mudra Yojana (PMMY)

One of the most prominent government schemes for financing small businesses and individuals is the Pradhan Mantri Mudra Yojana (PMMY). This scheme offers financial support to non-corporate, non-farm small/micro enterprises and is especially helpful for those looking to start their own business or expand an existing one.

Types of Loans under PMMY: ✔ Shishu Loan – Up to ₹50,000 for startups and small businesses in the early stages. ✔ Kishore Loan – ₹50,001 to ₹5 lakh for businesses that have a more established track record. ✔ Tarun Loan – ₹5 lakh to ₹10 lakh for larger small enterprises looking to grow.

💡 Tip: Since PMMY loans are aimed at small businesses and entrepreneurs, they can also be used for personal purposes like buying equipment or funding personal projects related to business needs.

🔗 Best lenders for PMMY loans: 👉 IDFC FIRST Bank Personal Loan 👉 Bajaj Finserv Personal Loan

1.2 Atal Pension Yojana (APY)

The Atal Pension Yojana (APY) is a government-backed pension scheme designed for workers in the unorganized sector. This scheme provides pension benefits to people between the ages of 18 to 40 years, ensuring a steady income after retirement. Though primarily a pension scheme, APY participants may also benefit from certain loan schemes tailored to meet their financial needs.

1.3 National Handicapped Finance and Development Corporation (NHFDC) Loans

The NHFDC offers personal loans at subsidized rates to people with disabilities, helping them fund various personal needs, including: ✔ Education ✔ Employment creation ✔ Livelihood enhancement

Eligibility Criteria: ✔ Individuals with disabilities must be between 18 to 55 years. ✔ A minimum of 40% disability must be verified by a medical board.

💡 Tip: NHFDC loans are especially helpful for disabled individuals to set up small businesses or manage personal expenses.

2. Special Loan Schemes for Government Employees

2.1 Government Employee Personal Loan Schemes

Many banks and NBFCs offer special personal loan schemes tailored specifically for government employees. These loans typically come with lower interest rates, flexible terms, and quick processing. Since government employees are considered low-risk borrowers, these schemes are designed to offer more favorable conditions.

Key Features: ✔ Lower Interest Rates – Reduced interest rates for government employees. ✔ Longer Tenure – Extended repayment periods (up to 7 years). ✔ Higher Loan Amount – Government employees can avail of larger loans than those with private-sector jobs.

💡 Best for: Government employees looking for unsecured loans to cover personal expenses or emergencies.

🔗 Best lenders for government employee loans: 👉 Tata Capital Personal Loan 👉 Axis Bank Personal Loan

2.2 Nationalized Banks Personal Loans for Government Employees

Nationalized banks such as SBI, PNB, and Bank of India also offer exclusive personal loan schemes for government employees. These loans are typically available at lower interest rates, making them an ideal choice for government staff members.

3. Schemes for Women Entrepreneurs

3.1 Stand-Up India Scheme

The Stand-Up India Scheme was launched to promote entrepreneurship among women, Scheduled Castes (SCs), and Scheduled Tribes (STs). Under this scheme, banks offer loans ranging from ₹10 lakh to ₹1 crore for greenfield projects in the manufacturing, services, or trading sectors.

Key Features: ✔ Collateral-free loans for women entrepreneurs. ✔ Repayment tenure of up to 7 years. ✔ Lower interest rates compared to standard loans.

💡 Tip: This scheme is ideal for women entrepreneurs who want to establish or grow a small business and need financial assistance.

🔗 Best lenders for Stand-Up India loans: 👉 Axis Finance Personal Loan 👉 InCred Personal Loan

4. Schemes for First-Time Homebuyers

4.1 Pradhan Mantri Awas Yojana (PMAY)

The Pradhan Mantri Awas Yojana (PMAY) aims to provide affordable housing to the urban poor and those from rural areas. This scheme offers subsidized loans for first-time homebuyers and those looking to upgrade their homes.

Key Benefits of PMAY: ✔ Subsidized interest rates (up to 6.5% p.a.) for home loans. ✔ Affordable repayment terms with long loan tenures. ✔ Available to both urban and rural residents.

💡 Tip: Check if you’re eligible for a PMAY subsidy before applying for a home loan to save significantly on interest payments.

🔗 Best lenders for PMAY loans: 👉 IDFC FIRST Bank Personal Loan 👉 Bajaj Finserv Personal Loan

5. How to Apply for Government and Special Scheme Loans

Step 1: Check Eligibility Criteria

Each government-backed or special loan scheme has specific eligibility criteria that must be met. Be sure to review the eligibility conditions for each scheme before applying.

Step 2: Gather Required Documents

Most loans will require basic documentation such as: ✔ Identity Proof ✔ Address Proof ✔ Income Proof (ITR, Salary slips, or Bank Statements) ✔ Property Papers (for housing schemes)

Step 3: Apply Through Approved Lenders

Many of these loans are disbursed by banks and financial institutions that are approved by the government. Ensure that the lender you choose is part of the approved list for each scheme.

Leveraging Government & Special Schemes for Personal Loans

Government and special schemes play a vital role in providing financial support to individuals from various backgrounds, whether you are a first-time homebuyer, government employee, or women entrepreneur. These schemes typically offer lower interest rates, longer repayment periods, and less stringent eligibility conditions, making them highly beneficial for personal and business needs.

Before applying, make sure you: ✔ Check the eligibility for the scheme that fits your needs. ✔ Compare interest rates and loan terms to get the best deal. ✔ Prepare your documents in advance to speed up the approval process.

For the best personal loan options, apply here: 👉 Compare & Apply for a Personal Loan

By leveraging these government and special schemes, you can achieve your financial goals more affordably and efficiently.

[omegaversereloaded]

Coca-Cola is now on the official BDS boycott list!

From the website:

November 2024

1) Why?

Because Coca-Cola is implicated in Israeli war crimes.

According to research by WhoProfits, the Central Beverage Company, known as Coca-Cola Israel, which is the exclusive franchisee of the Coca-Cola Company in Israel, “operates a regional distribution center and cooling houses in the [Israeli] Atarot Settlement Industrial Zone.” Furthermore, its subsidiary, Tabor Winery, “produces wines from grapes sourced from vineyards located on occupied land in settlements in the West Bank and Syrian Golan.” 

The International Court of Justice affirmed in July 2024 that Israel’s entire occupation of Gaza and the West Bank, including East Jerusalem, is illegal, as are all Israeli settlements built on occupied land. As Israeli settlements – on occupied Palestinian and Syrian land – are considered war crimes under international law, Coke is complicit in a war crime. 

Corporations that are implicated in the commission of international crimes connected to Israel’s unlawful occupation, racial segregation and apartheid regime - within or beyond the Palestinian territories occupied in 1967 - are all complicit and must be held accountable. Direct complicity includes military, logistical, intelligence, financial and infrastructure support. The corporations, as well as their boards of directors and executives, may face criminal liability for this complicity.

Local alternatives are popping up worldwide to substitute Coca-Cola, an unnecessary and replaceable beverage

Local alternatives to Coca-Cola have been gaining market share across the world, including in Palestine, China, Bangladesh, Sweden, Egypt, India, South Africa, Turkey, Lebanon and elsewhere.

2) Why NOW?

The BDS movement has always considered Coca-Cola boycottable but has not prioritized it as a target based on its careful and strategic target-selection criteria, so why endorse the Coke boycott now? 

Human rights and health activists, among many others, have been campaigning against Coca-Cola and similarly complicit corporations for decades, including grassroots drives targeting the company for its complicity in Israel’s gross violations of Palestinian human rights. 

During Israel’s ongoing, livestreamed genocide, Israeli soldiers have often been pictured with Coke cans, donated to them by various genocide-enabling groups. This has provoked even more anger against the company, particularly given that Israel is starving 2.3 million Palestinians in the occupied and besieged Gaza Strip, severely limiting their access to clean water and, as a result, inducing the mass spread of contagious diseases. 

Given this context, Palestinian activists in Gaza and many BDS activists in the Arab world, in many Muslim-majority countries, and in some European countries as well, have called on the BDS movement to add Coke to its priority targets.

The BDS movement had previously targeted General Mills for its manufacturing of Pillsbury products in the illegal Atarot Settlement Industrial Zone - the same Zone where the Coke facility operates. Thanks to effective BDS campaigning, we won the demand for General Mills to end its business in Atarot. We know a campaign against Coke is winnable too. 

Based on all the above, and given Coke’s large contribution (through business-as-usual and taxes) to Israel’s war chest during the genocide, the Palestinian BDS National Committee (BNC), the largest Palestinian coalition leading the global BDS movement, has endorsed the grassroots, organic #BoycottCoke campaigns to pressure the company to end its complicity in Israel’s illegal occupation, apartheid and genocide. 

UPDATED VERSION!!!!

[amelia55]

IDBI Recruitment 2024: बैंक में JAM की नौकरी पाने के लिए इच्छुक अभ्यर्थियों (Candidates) के लिए आईडीबीआई (IDBI) बैंक ने हाल ही में जूनियर असिस्टेंट मैनेजर (JAM) की भर्ती के लिए आधिकारिक नोटिफिकेशन जारी किया है।

[tnsfrbc]

SBI Bank Recruitment 2024 | Central government jobs 2024 Official Website: https://bank.sbi/

[vilcart]

Suryakash Refined Sunflower Oil from the house of VilCart has been awarded as the "Emerging Brand of the Year 2024" by Times Business Awards at Bengaluru!

Presented by Bollywood actor Anupam Kher

Received by Amith Mali - Co-Founder Vilcart and Mahesh Bhatt - CFO Vilcart

Thank you for making Suryakash as your trusted choice for cooking.

[theleadersglobe]

ICICI Bank Facilitates Seamless UPI Payments for NRI Customers Across 10 Countries

ICICI Bank’s recent collaboration with the National Payments Corporation of India (NPCI) introduces an innovative solution, enabling Non-Resident Indian (NRI) customers to utilise their international mobile numbers for instant UPI payments in India. This groundbreaking service caters to NRIs residing in 10 countries, including the USA, UK, UAE, and Canada, enhancing banking accessibility and convenience across borders.

Streamlined Process for NRI UPI Payments

With this initiative, NRI customers can effortlessly conduct various transactions, including utility bill payments and e-commerce transactions, using their international mobile numbers linked to their NRE/NRO bank accounts with ICICI Bank in India. Leveraging the bank’s mobile banking app, iMobile Pay, NRIs can now activate the UPI facility on their international mobile numbers seamlessly, eliminating the previous requirement of registering an Indian mobile number for UPI payments.

Read More:(https://theleadersglobe.com/money/icici-bank-facilitates-seamless-upi-payments-for-nri-customers-across-10-countries/)

[9to9imall]

GLOBAL CURRENCY INDIAN RUPEE ?|How the Indian rupee is going global inte...

[batboyblog]

Things Biden and the Democrats did, this week.

The Consumer Financial Protection Bureau put forward a new regulation to limit bank overdraft fees. The CFPB pointed out that the average overdraft fee is $35 even though majority of overdrafts are under $26 and paid back with-in 3 days. The new regulation will push overdraft fees down to as little as $3 and not more than $14, saving the American public collectively 3.5 billion dollars a year.

The Environmental Protection Agency put forward a regulation to fine oil and gas companies for emitting methane. Methane is the second most abundant greenhouse gas, after CO2 and is responsible for 30% of the rise of global temperatures. This represents the first time the federal government has taxed a greenhouse gas. The EPA believes this rule will help reduce methane emissions by 80%

The Energy Department has awarded $104 million in grants to support clean energy projects at federal buildings, including solar panels at the Pentagon. The federal government is the biggest consumer of energy in the nation. The project is part Biden's goal of reducing the federal government's greenhouse gas emissions by 65% by 2030. The Energy Department estimates it'll save taxpayers $29 million in the first year alone and will have the same impact on emissions as taking over 23,000 gas powered cars off the road.

The Education Department has cancelled 5 billion more dollars of student loan debt. This will effect 74,000 more borrowers, this brings the total number of people who've had their student loan debt forgiven under Biden through different programs to 3.7 Million

U.S. Agency for International Development has launched a program to combat lead exposure in developing countries like South Africa and India. Lead kills 1.6 million people every year, more than malaria and AIDS put together.

Congressional Democrats have reached a deal with their Republican counter parts to revive the expanded the Child Tax Credit. The bill will benefit 16 million children in its first year and is expected to lift 400,000 children out of poverty in its first year. The proposed deal also has a housing provision that could see 200,000 new affordable rental units

[harishgade]

Mastering the Share Market: A Comprehensive Basic Guide for Share Market Beginners

Introduction: The Indian share market is a dynamic landscape offering abundant opportunities for investors. This blog aims to demystify the complexities of the market, empowering readers with insights and strategies for informed decision-making. Section 1: Understanding the Share Market 1. What is the Share Market? The share market, also known as the stock market, is a platform where the buying,…

[banglakhobor]

বিরাট খবর! সরকারি ব্যাঙ্ক বেসরকারি হচ্ছে? বড় সিদ্ধান্ত তাড়াতাড়ি

Bank Privatisation Update: একটি বিকল্প বিচার বিশ্লেষণ দিয়েই সমাধান করা সম্ভব ৷ তিনি বলতে চেয়েছেন জাতীয়করণের পরেই এই সমস্ত ব্যাঙ্ক, কৃষি, শিক্ষা-সহ আর্থিক বিকাশ ও বৃদ্ধিকে ত্বরান্বিত করার ক্ষেত্রে লক্ষ লক্ষ ভারতীয় কাছে ব্যাঙ্কিং পরিষেবা পৌঁছে দিয়েছে ৷ প্রতীকী ছবি ৷ Source link

[ibeforg]

India National Bank - IBEF

India National Bank (INB) is a public sector bank in India. India National Bank was established in 1919 and has its headquarters in Mumbai. INB is one of the 12 largest banks in India by assets. It has a network of over 2,000 branches and 7,000 ATMs across the country. INB offers a wide range of banking products and services, including savings accounts, checking accounts, loans, credit cards, investment products, and insurance. To get more information on India's largest bank, visit the India Brand Equity Foundation website.

[kokaniudyojak]

Central Bank of India Recruitment : थेट मॅनेजर पदावर काम करण्याची संधी, सेंट्रल बँक ऑफ इंडियामध्ये १००० रिक्त पदांसाठी भरतीला सुरुवात.

Central Bank of India Recruitment :- सेंट्रल बँक ऑफ इंडियाने व्यवस्थापक पदासाठी 1000 रिक्त जागांसाठी अधिसूचना प्रसिद्ध केली आहे. ज्या उमेदवारांना सेंट्रल बँक ऑफ इंडियामध्ये जॉईन किंवा नोकरी करायची आहे त्यांनी ही पोस्ट शेवटपर्यंत तपासा. CBI बँक भरतीसाठी ऑनलाइन अर्ज करण्याची अंतिम तारीख १५ जुलै २०२३ आहे. इच्छुक आणि पात्र उमेदवारांनी या भरतीपूर्वी ऑनलाइन अर्ज करावा. अर्ज करण्याशी संबंधित सर्व माहिती…

[vilcart]

VilCart is thrilled to announce it’s participation in the much-awaited Startup Mahakumbh at Bharat Mandapam, New Delhi from March 18th-20th, 2024! Join us as we showcase our innovative solutions aimed at revolutionizing rural commerce and empowering rural communities across India. Discover how VilCart is bridging the gap between rural consumers and manufacturers through the cutting-edge and state - of - art supply chain management system, ensuring access to top-quality products at affordable prices to rural India. Don't miss out on this incredible opportunity to witness the first hand transformative impact of VilCart. See you there! Visit us at Agritech Pavilion