Notes and Study material for Exams
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Non-Banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of Shares, stock, Bonds hire-purchase insurance business or chit business … Read more
Financial Inclusion Financial inclusion or inclusive financing is the delivery of financial Services at affordable costs to sections of disadvantaged and low-income segments of Society, in contrast to financial exclusion where those services are not available or affordable. Government of India has launched an innovative scheme of Jan Dhan Yojna for Financial Inclusion to provide … Read more
Rural Development Initiatives :Karnataka Urban Ashraya/Vajpayee Urban Housing Scheme This is State Sponsored scheme implemented for urban poor and it was introduced by the Government in the year 1991-92. The annual income of the beneficiary is Rs.32,000/-. The beneficiaries are selected by the Ashraya Committee comprising both official and non official members appointed by the … Read more
The Poverty Gap: A Measure of Deprivation and a Guide to Progress The poverty gap, a key indicator of poverty severity, quantifies the extent to which individuals or households fall below the poverty line. It measures the collective shortfall in income needed to lift everyone living in poverty to the poverty threshold. This article delves … Read more
Navigating the Financial Landscape: A Comprehensive Guide to Types of Banks The world of banking can seem complex and daunting, especially for those new to the financial system. Understanding the different types of banks and their unique offerings is crucial for making informed financial decisions. This comprehensive guide will delve into the diverse landscape of … Read more
Micro finance institutions in Karnataka The origin of microfinance in Karnataka dates back to 1984 when Mysore Resettlement and Development Agency (MYRADA), a Non-Governmental Organisation (NGO) engaged in rural development and based in Karnataka, promoted several co-operative societies that extended loans to their members (Fernandez, 2004). Later in the mid-1980s, the National Bank for agriculture … Read more
Khadi and Village Industries Commission (KVIC): Weaving a Path to Empowerment and Sustainable Development Introduction The Khadi and Village Industries Commission (KVIC), established in 1956, stands as a testament to India’s commitment to rural development and economic empowerment. This institution plays a pivotal role in promoting the production and marketing of Khadi and other village … Read more
Self Help Groups in Karnataka The economy of Karnataka is essentially an agrarian and rural economy. It accounts for 56 per cent of workforce of the State. In addition it supports other economic activities such as Industry, transport, Trade and Commerce, etc. The rural economy supplies food articles and home-made products to non-farm sector. The … Read more
The following are subtopics of financial sector reforms: Banking sector reforms Insurance sector reforms Non-banking financial companies (NBFCs) reforms Payments and settlement systems reforms Financial literacy and inclusion reforms Regulatory reforms Supervisory reforms Corporate governance reforms Anti-MoneyMoney laundering and combating the financing of terrorism (AML/CFT) reforms Financial stability reforms Financial InfrastructureInfrastructure reforms Financial technology (FinTech) … Read more
Financial Inclusion: Bridging the Gap and Empowering Individuals Financial inclusion, the ability of individuals and businesses to access and utilize a range of financial services, is a cornerstone of economic development and social progress. It empowers individuals to manage their finances, build assets, and participate fully in the economic life of their communities. This article … Read more