pramod kumar finance consultant

NAIS (National Agriculture insurance Scheme) Crop insurance is related to risk management in agriculture .our 70% of population depends upon agricultural.  that Discussion come in 1947 that time minister of food and agriculture, Dr. Rajendra Prasad gave an assurance that the government would examine the possibility of crop and cattle insurance. In 1965 the has introduce crop insurance Bill and a model  Scheme of crop Insurance in order to enable the state to introduce crop insurance if they so desired.  the draft Bill and the model scheme referred to expert committee headed by Dr . Dharma Narain. 1972-73 The first Crop insurance program introduced  as 'General Insurance ' Department  of Life Insurance Corporation of India  on H-4 Cotton In Gujarat. Later  General insurance Corporation of India  took over the experimental  Scheme  and Subsequently Included  Groundnut,Wheat and Patato and implemented in the States of Gujarat,Maharashtra, Tamil Nadu,andhra Pradesh,Karn

Term Loan  Term Loan are granted  in one lump sum and are allowed to be repaid over a period in installments the schedule of which is specified in the agreement itself . Demand Loans Loan are those which are repayable on demand through a repayment schedule,as agreed upon by the bank. Term loan dived on basis of period 1.Short-term Loan Short- term Loans are Loans that are repayable  within one year. 2.Medium-term loan Medium-term loans within two to seven years  3.Long-term Loans Long-term loans above seven years periods. Bank grant the short-term and medium-term loans.Bank onley in Housing loan section long-term loan which are repayable over longer period of 20-30 years The Development financial institutions usually  grant long-term loans. Retail Loan Products 1. Home Loan to resident Indians for purchase  of land construction of residential  homes/purchase of ready built house/repairs and renovation of an existing house. 2. Auto Loans-forvpurchase of new/used four-wheeler