Tag Archives: #CreditSupport

Bank Overdraft & Cash Credit

Bank Overdraft & Cash Credit Bank overdraft and cash credit facilities are both forms of short-term borrowing provided by financial institutions to individuals and businesses. Here’s a detailed explanation of each: 1. Bank Overdraft: i. An overdraft is a financial arrangement where a bank allows an account holder to withdraw funds from their account even… Read More »

When mudra yojana was launched?

Mudra Yojana

Mudra Yojana It is also known as the Pradhan Mantri Mudra Yojana (PMMY), was launched on April 8, 2015, in India. It was introduce by the Government of India to provide financial assistance and support to small and micro-enterprises in the country. The main objective of the Mudra Yojana is to promote entrepreneurship and generate… Read More »