Credit: GK, General Studies and Current Affairs

PM SVANidhi App Launched to Provide Credit to Street-Vendors

The Secretary, Union Ministry of Housing and Urban Affairs, Durga Shankar Mishra, has launched the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) mobile application in New Delhi. Under the scheme, the street vendors are going to be provided with credit facility and this will act as a sourcing platform for the lending institutions and their ..

Nirvik: New Export Credit Insurance Scheme

The Ministry of Commerce & Industries through the Export Credit Guarantee Corporation (ECGC) has launched a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process. What is Export Credit Insurance? Export credit insurance (ECI) protects an exporter of products and services against the risk of non-payment by ..

Improving credit flow to potential borrowers

In the modern-day of increasing globalization, global economic trends are also being picked up in India. While at one time, Indians were hesitant to borrow money for heads apart from the house, car or education which were comparatively long term and had tangible outcomes, modern living and rising standards of living mean that Indians are ..

National Rural Bank

The Central Government is mulling to set up a National Rural Bank to ease the agricultural woes in India. What is a National Rural bank? The National Rural is an envisaged attempt of the policymakers to create a large bank to look specifically after the agriculture sector. This may or may not be created by ..

Did India Over-Estimate its Growth Rate?

In a research paper India s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications former chief economic advisor Arvind Subramanian has claimed that India s economy grew at a much slower pace between 2011-12 and 2016-17 (at about 4.5%) than the official estimate of 7 per cent. Observations made in the Research Paper India s GDP ..