NEWS & ADVICE : EDUCATION LOANS
RBI put in place a new mechanism for grant of financial assistance to the NGOs
By Neelima Shankar
Jan 12, 2015
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The apex bank of the country has decided to educate and aware the depositors. The bank will organise mechanism for grant of financial assistance to the NGOs. Under this financial grants all the NGOs, non profitable organizations corporate will be included.

The banks have further instructed to transfer inoperative deposit accounts and balances (along with interest) that are unclaimed for 10 years or more to the Fund. Entities can use Fund grants for awareness among excluded sections, financial literacy. Institutions can send their names till February 27, 2015 to apply for grant from the Fund.


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Peter James (Posted: Jan 27, 2015)
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