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5. Progress of SHGS in India a. Linkage Model SHG - Bank Linkage Programme was launched in 1992by NABARD. This was first time SHGs were directly financed by banks. According to NABARD about 5.8 crore poor households have been linked with banking system through this model. The Indian Model is a “Linkage Model", as it is based on strengths of various partners: - The NGOs, the rural poor and banks. b. Financial Support RBI advises commercial banks to consider lending to SHGs as part of their rural…

Jan Dhan Yojana- challenges in execution Story :Jan Dhan Yojana the biggest financial inclusion drive. The Purpose Jan Dhan Yojana - the prime minister's biggest project to ensure financial inclusion of households in India was started with an idea to provide 'Universal access to banking facilities'. The Problem Pradhan Mantri has given a target of 7.5 crore bank accounts to be opened by banks. Raghuram Rajan, the governor of Reserve Bank of India identifies the challenges and cautions banks…

In chapter two of the Pedagogy of the Oppressed, Freire mentions the banking model of education. He describes the teacher-student relationship as a banking model. A relationship where the teacher is the depositor and the students are the depositories. The teacher deposits information he/she wants to engrave in students and the students as the depositories, receive, memorize, and repeat the information. Freire, mentions that the banking model of education works because teachers make it clear in…

Bahrain based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain and provides retail, commercial, treasury and financial institutions and other banking services. Ithmaar bank provides a diverse range of Sharia-compliant products and services that cater to the financing and investment needs of individuals and institutions.  In 2003, Shamil Bank purchased all the assets and liabilities of FIBEC. Shamil Bank then sold the entire share capital of FIBEC to DMI and…

Travancore Bank Ltd. has come a long way from being a bank started by the Diwan of Travancore, C.P. Ramaswami Iyer in 1945. Headquartered at Thiruvananthapuram, it was a premier bank of Kerala and undertook general banking business in addition to the government treasury work and foreign exchanges business. It achieved the name ‘State Bank of Travancore’ after it became a subsidiary of the State Bank of India (SBI) in 1960 under the SBI Subsidiary Banks Act, 1959. On 31st March 2017, it merged…

Whenever you apply for any type of credit, banks will check your credit score to make sure that you pay your debts in time. It is essential for any type of credit such as credit cards or loans. However, credit score seems like a small three-digit number but it impacts greatly on your financial capability. This is why it is important to keep a record of your credit score every time you are planning to invest or looking for a credit. We have compiled a list of four important facts associated with…

Durable Power Of Attorney For Banking Transactions And Safe Deposit Box Access Durable Power Of Attorney For Banking Transactions And Safe Deposit Box Access is a legal instrument intended to grant powers to a representative to operate your bank accounts and access the content of the safe deposit box. The term Durable in the name of the power attorney indicates that this document does not have an expiration even when you are incapacitated to make your own decisions. Therefore, appoint a…

Case Activities 2 Negotiability In this case, Cory Babcock and Honest Air Conditioning & Heating purchased a new 2001 Chevrolet Corvette in September 2001 from Cox Chevrolet in Sarasota, Florida. The retail installment sales contract (RISC) stated that there were required monthly payments to be made until the balance of $52,516.20 was paid in full. There were other conditions imposed by RISC on the buyers and seller with respect to the payment for and handling of the Corvette. Cox then…

This counselor met with Steven in the office today (12/13/17) to get an updated paystub showing he is back to work, a clearance from his doctor, and to review his budget check-list. A copy of his paystub as well as his social security card are in his case file. The doctor's note states he is able to return to work full time with light duties. The paperwork states that Steven has lifting restrictions. He is unable to lift anymore then 2.5lbs with his right hand with his elbow at his side. This…

Topic: Buying Bitcoin with PayPal Written by: Sonia As the world continues to progress at a fast pace, technology seems to be growing even faster. We have progresses from radio to television, from theatres to home video, from records to MP3’s and now, from paper money or physical currency… to virtual currency or otherwise known as Cryptocurrencies. Bitcoin, Litecoin and Dogecoin are a few popular virtual currency and are gaining tremendous amount of popularity and notoriety these days. This…