Banking System and Loan Schemes of Govt – Vitiyagyan – English

Banking System and Loan Schemes of Govt

The banking system has evolved over the years ensuring financial inclusion and banking access for all sections. Also the Indian government has introduced several schemes that gives access to credit facilities to individuals and businesses.

Overview of banking functions and loan Schemes

Learn about the banking functions and Loan Schemes in India.

This article provides information about the major functions of a bank and gives details about the types of banks, various types of bank accounts, and the loan schemes offered by the government.

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Overview of Banking Functions and Loan Schemes

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Understanding Banking Services and Loan Schemes

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The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in the public interest.

The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and the remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance, and other stakeholders.

Visit The ICAI Website

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