Saturday, February 28, 2015

#HighlightBudget2015 #FundingtheUnfunded

Funding the Unfunded


  • Comprehensive Bankruptcy Code of global standards to be brought in fiscal 2015-16 towards ease of doing business.
  • Postal network with 1,54,000 points of presence spread across villages to be used for increasing access of the people to the formal financial system.
  • NBFCs registered with RBI and having asset size of `500 crore and above may be considered for notifications as ‘Financial Institution’ in terms of the SARFAESI Act, 2002.