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The marginal cost of funds-based lending rate (MCLR) is the minimum interest rate that a bank can lend at. MCLR is a tenor linked internal benchmark, which means the rate is determined internally by the bank depending on the period left for the repayment of a loan. MCLR is closely linked to the actual deposit rates and is calculated based on four components: the marginal cost of funds, negative carry on account of cash reserve ratio, operating costs and tenor premium. Reserve Bank of India introduced the MCLR methodology for fixing interest rates from 1 April 2016. It replaced the base rate structure, which had been in place since July 2010.
Which of the following is not a loan category under MUDRA scheme?
The aegis of National Mission on Education through Information and Communication Technology (NMEICT), National Digital Library of India (NDLI) is a proj...
The government has extended the deadline for loan disbursement or project completion of ethanol production facilities to ________ which was March 31, 20...
Beti Bachao Beti Padhao Scheme was launched in January 2015 with the aim to address sex selective abortion and the declining child sex ratio, it is an ...
SWAYAM has been developed cooperatively by the Ministry of Education ( former Ministry of Human Resource Development), and ________________________ with...
Saksham is a Ministry of Human Resource Development (MHRD) Scheme being implemented by All India Council For Technical Education (AICTE) aimed at provid...
In which year was the Kala Utsav initiative launched by the Department of School Education & Literacy, Ministry of Education?
Consider the following statements in regards to Midday meal scheme
1. The Midday meal scheme is a centrally sponsored scheme launched in 1995.
The Samagra Shiksha scheme is an integrated scheme for school education covering the entire gamut from pre-school to class XII has been extended to ____...
How many new workers were enrolled under the ESI Scheme in December 2023?