In the previous article, we have discussed the banking organization working in our country. We know that they are building-block of our country but just with banking organization economic goals can’t be achieved. For that, we require other financial institution like NABARD, SEBI, and EXIM etc. Today we are going to discuss these financial Institutions.
Exim Bank of India is a catalyst and a key player in the promotion of cross border trade and investment.
|EXIM (Export-Import Bank of India)|
|Year of Estd||1 Jan 1982|
NABARD concerns with policymaking, outlining & operations in the field of wealth for agriculture and other economic activities in rural areas in India NABARD.
|National Bank for Agriculture and Rural Development|
|MD||Harsh Kumar Bhanwala|
|Year of Estd||12 July 1982|
The SEBI is the regulator for the securities market in India SEBI.
|SEBI (Securities and Exchange Board of India)|
|Year of Estd||12 April 1988|
SIDBI involves in growth and development of micro, small and medium-scale enterprises (MSME) in India
|Small Industries Development Bank of India|
|Year of Estd||2 April 1992|
NHB is a top financial institution for housing
|National Housing Bank|
|MD||Shri Sriram Kalyanaraman|
|Year of Estd||9 July 1988|
SEBI registered Mutual Fund Company
|Unit Trust of India|
|Year of Estd||1964|
IDBI was formed to provide credit and other financial facilities for the development of the Indian industry.
|The Industrial Development Bank of India|
|Year of Estd||1964|
ASSOCHAM represents the interests of trade and commerce in India
|Associated Chambers of Commerce and Industry of India|
|Year of Estd||1920|
It is involved in sector-specific business building, and business promotion and networking.
|Federation of Indian Chambers of Commerce and Industry|
|Year of Estd||1927|
The Central Board of Direct Taxes (CBDT) provides essential inputs for policy and planning of direct taxes in India and is also responsible for the administration of the direct tax laws through the Income Tax Department.
|Central Board of Direct Taxes|
|Chairman||Pramod Chandra Mody|
|Year of Estd||1944|
It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce
|Export Credit and Guarantee Corporation Limited|
|Year of Estd||1957|
It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSME. It has headquartered in Mumbai.
3 Categories of Loans
|Micro Units Development and Refinance Agency Bank|
|Shishu||up to ₹50,000|
|Kishore||50,000₹ to ₹5 lakh|
|Tarun||5 lakh ₹ to ₹10 lakh|