CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state launches One-time settlement scheme for recovering NPAs of cooperative banks.
A
Maharashtra
B
Haryana
C
Rajasthan
D
Uttarakhand
Explanation: 

Detailed explanation-1: -) The Scheme shall cover all borrowers including all type of Societies except PACS/PCCS who have availed loans & advances upto Rs. 1.00 crore from DCCBs and are unable to repay their dues owing to the reasons beyond their control and their accounts are NPA (Sub Standard, Doubtful & Loss Assets) as on 31.03.

Detailed explanation-2: -The lender may give you a one-time settlement option where you take some time off and then, settle the loan in one go. Since you are given some time, you may readily accept this offer. Upon settling the loan in one go later, the status of this loan will be recorded as ‘settled’ in the credit report.

Detailed explanation-3: -The first District central co-operative bank is established in Ahmednagar in Maharashtra.

Detailed explanation-4: -The first urban cooperative credit society was registered in Canjeevaram (Kanjivaram) in the erstwhile Madras province in October, 1904. Amongst the prominent credit societies were the Pioneer Urban in Bombay (November 11, 1905), the No.

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