Friday 12 February 2016

New Foreign Trade Policy (FTP) 2015-20, announced on 1st April, 2015

The New Foreign Trade Policy (FTP) 2015-20, announced on 1st April, 2015, provides a framework for increasing exports of goods and services as well as generating employment opportunities in line with the “Make in India” vision of Prime Minister. This policy restructures the
export incentive schemes by reducing a plethora of schemes to only two schemes namely “Merchandise Exports from India Scheme (MEIS)” for export of specified goods to specified markets and “Services Exports from India Scheme (SEIS).”

Clarification on ‪#‎Loans‬ and Advances to ‪#‎Employees‬: Section 186 Company ACT 2013

Clarification on ‪#‎Loans‬ and Advances to ‪#‎Employees‬: Section 186 of the Companies Act, 2013 imposes
restriction on companies from giving loans to any person more than a threshold level. The Ministry of
Corporate Affairs vide General Circular No. 04/2015 dated 10.03.2015, clarified that loans and/or advances to their employees, other than managing and whole time directors, are not governed by the requirements of section 186. It is also clarified that such loans/ advances to employees should be in accordance with the conditions of service applicable to employees and
with the remuneration policy.

Industrial output for the month of February 2015

Industrial output for the month of February 2015 increased at a rate of 5% as against 2.8% growth in the previous month. While the Index of Industrial Production (IIP) remained volatile during the last fiscal with an estimated growth rate of 2.8% during the year until February, 2015, production of capital goods and electricity increased at 6.4% and 9.1% respectively, indicating significant capacity creation in the economy.

Tuesday 2 February 2016

Shishu/ Kishor/ Tarun Schemes – MudraLoan

#Shishu/ #Kishor/ #Tarun Schemes – #MudraLoan


The Bank will nurture small businesses through different stages of growth and development of businesses termed as Shishu, Kishor and Tarun.
#Mudra Bank Starts Financing at 7.00% rate of #Interest

#Shishu This is will be the first step when the business is just starting up. The loan cover in this stage will be upto Rs 50,000.

#Kishor In this stage, the entrepreneur will be eligible for a loan ranging from Rs 50,000 to Rs 5 lakh.
#Tarun This last and final category will provide loans for upto Rs 10 lakh. 27 nationalised, 15 private and one Regional Gramin Bank participated in mega loan under Pradhan Mantri Mudra Loan Scheme. 15.90 Crore were sanctioned to 3239 beneficiaries in Gurgaon under Pradhan mantri Mudra Yojna (#PMMY).
#SBBJ has sanctioned 16,814 loans amounting to Rs 226 crore under PMMY