Finance: GK, General Studies and Current Affairs

Kisan Credit Card Scheme

The aim of Kisan Credit Card Scheme (KCC) is to provide adequate and timely support from the banking system to the farmers for their short-term credit needs during their cultivation for purchase of inputs etc., during the cropping season. Credit card scheme proposed to introduce flexibility to the system and improve cost efficiency. Memorable Points:1. ..

Abbreviations N

NABARD National Bank for Agriculture and Rural DevelopmentNAV Net Asset ValueNBC Net Bank CreditNBFC Non-Banking Financial CompanyNBFC-ND Non-Deposit taking Non-Banking Financial CompanyNBFC-ND-SI Systemically Important Non-Deposit taking Non-Banking Financial CompanyNBFI Non-Banking Financial InstitutionsNBV Net Book ValueNCAF New Capital Adequacy FrameworkNCEUS National Commission for Enterprises in Unorganised SectorNCR National Capital RegionNDC No Due CertificateNDS Negotiated Dealing SystemNDS-OM ..

Quick Current Affairs 4.

1. World Bank has agreed to provide $ 3 billion loan to Indian Infrastructure Finance Company, SIDBI, Power Grid Corporation limited. 2. Government is proposed to establish National Science and Engineering Research Board on the line of Ntional Science Foundation of US. 3. Jalandhar is one among five cities of the selected by World Bank ..