JLG Farmer Club ,NEF ,Willful Default, NPA SARFAESI
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for VIDEO LECTURES OF ASHISH SIR (FOR ALL SCALES) — Bank Promotions.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is a Joint Liability Group (JLG) in the context of agricultural lending?
A JLG is an informal group of 4–10 individuals, usually small/marginal farmers, who come together to avail bank loans jointly and are mutually liable for repayment of each other's loans.
What is the minimum loan amount threshold for reporting a willful defaulter to Credit Information Companies?
Borrowers with outstanding of Rs. 25 lakh and above
What is the primary purpose of forming a Farmer Club under NABARD's guidelines?
Farmer Clubs are formed to act as a link between banks and rural borrowers, facilitating credit flow, disseminating technology, and building financial literacy among farmers at the village level.
What is the maximum loan amount a JLG member can individually avail without collateral?
Up to Rs. 50,000 per member typically
What does NEF stand for in the context of rural banking?
NEF stands for Non-Encumbrance of Farming assets, commonly discussed in the context of providing clean-title collateral-free loans to farmers through JLG and SHG mechanisms.
Under which Act are willful defaulters barred from accessing capital markets?
SEBI regulations under Securities Contracts Regulation Act
Who promotes the formation of Farmer Clubs in India?
NABARD promotes and finances the formation of Farmer Clubs (also called Vikas Volunteer Vahini or VVV) through commercial banks, RRBs, and cooperative banks across rural India.
How many years must a Sub-Standard Asset remain NPA before it becomes a Doubtful Asset?
More than 12 months as NPA
Video classes for this chapter
More chapters in Live Class Recordings
Master the full VIDEOLECTURE syllabus
Every chapter of VIDEO LECTURES OF ASHISH SIR (FOR ALL SCALES) — videos, tests, notes and one-liner decks in one place.