The Micro Units Development and Refinance Agency Limited has been set up by the Indian government for the development and refinancing of various micro units. Under this scheme, the loan is classified into three stages namely, Shishu, Kishor, and Tarun to symbolize the funding requirements of the micro units. ...
Read More »Abhinandan scheme : An initiative to support for widows and wards of defence personnel
Shri Vishwakarma Skill University has taken an initiative to provide opportunities for skill and formal education to the widows and wards of the martyrs and wife and wards of gallantry award winners belonging to the Indian security forces by launching a new scheme ‘Abhinandan: Veer Balidani Kritagyata Yojna (AVBKY)’. List of ...
Read More »PM Modi introduces National Pension Scheme for unorganized sector
The scheme aims to provide an assured monthly pension of Rs 3,000 for workers in the unorganised sector with a monthly income of up to Rs 15,000, from the retirement age (60 years). This will be on a monthly contribution of a small amount durin Prime Minister Narendra Modi on Tuesday launched ...
Read More »Post Office Saving Schemes that Offers 8-8.7% Interest Rates
India Post or Department of Posts, which runs postal services in the country, also offers banking facilities. Besides allowing customers to open a savings account like banking peers, they also offer a number of saving schemes. Four of the nine saving schemes offered by India Post fetch interest rates of at ...
Read More »SBI Multi-Option Deposit Scheme
SBI’s multi-option deposit scheme (MODS), a type of fixed deposit (FD) or term deposit scheme, is linked to the savings or current account of an individual. Unlike normal fixed deposits which are fully liquidated anytime you need funds; you can withdraw in multiples of Rs. 1,000 from MODS account, according to your need, as ...
Read More »Pradhan Mantri Awas Yojana: Period for Subsidy Scheme on home loans stretched
The Centre has stretched the period for the Credit Link Subsidy Scheme (CLSS) on home loans for the Middle-Income Group (MIG) under the Pradhan Mantri Awas Yojana (Urban) till March 2020, Union Housing and Urban Affairs Minister Hardeep Singh Puri said Monday. Addressing a press conference, Puri said he has ...
Read More »GST Amendments: Rate on Solar Power generating plant, renewable energy plants
Recently, Govt. of India has come up with a proposal which is in favour of citizens of India by making changes in GST rates in variety of products and among which it also has an impact over Solar utlilities. GST rate of 5% rate has been prescribed on renewable ...
Read More »Jharkhand comes for an aid to help Farmers by Announcing Rs. 2,250 Crore Scheme
Jharkhand Chief Minister Raghubar Das on Friday announced a Rs. 2,250-crore scheme to help 22.76 lakh medium and marginal farmers of the state aiming to double their income by 2022. The state government will give Rs. 5,000 per acre to 22.76 lakh medium and marginal farmers from the upcoming financial year, Mr Das said ...
Read More »Ujjwala Yojana: Govt is on the verge of extension of LPG scheme to all poor households
The government on Monday extended Ujjwala Yojana of providing free cooking gas (LPG) connections to all poor households, Oil Minister Dharmendra Pradhan said. The scheme, launched in 2016, originally targeted giving LPG connections to mostly rural women members of below the poverty line (BPL) households. The list was later expanded ...
Read More »DDA’s gift of new housing scheme likely to come soon: 10,000 flats to be offered in first lot
Delhi Development Authority’s (DDA) next housing scheme is about to launch in two phases. In the first lot, about 10,000 flats will be offered in. Addressing a press conference, DDA vice chairman Tarun Kapoor said several flats are under construction and by the “next six months, about 25,000 flats would ...
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