Question
Download Solution PDFNational Minority Development and Finance Corporation (NMDFC) has signed an agreement with _________ for development of financial accounting software and mobile application for receiving loan applications and further processing and accounting of repayments from beneficiaries in 2022 '
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- ICICI Bank is a leading private sector bank in India known for its extensive range of financial services.
- In 2022, ICICI Bank signed an agreement with the National Minority Development and Finance Corporation (NMDFC) to develop financial accounting software and a mobile application.
- The software and mobile application are intended to streamline the process of receiving loan applications, processing them, and accounting for repayments from beneficiaries.
- This initiative aims to enhance the efficiency and transparency of financial operations within NMDFC, benefiting minority communities across India.
Additional Information
- National Minority Development and Finance Corporation (NMDFC)
- NMDFC is a government-owned corporation under the Ministry of Minority Affairs, established to provide financial assistance for the economic development of minorities.
- It offers concessional loans for self-employment and income-generating activities to individuals and organizations belonging to minority communities.
- NMDFC's objective is to promote economic and developmental activities for the benefit of backward sections amongst minorities.
- It plays a crucial role in uplifting minority communities by providing financial support and skill development programs.
- ICICI Bank
- ICICI Bank is one of the largest private sector banks in India, providing a wide range of banking and financial services to corporate and retail customers.
- It offers various financial products and services including savings and current accounts, loans, credit cards, insurance, and investment products.
- ICICI Bank has a strong presence in India with a vast network of branches and ATMs, along with a significant international presence.
- The bank is known for its technological innovations in banking, making financial services more accessible and efficient for its customers.
Last updated on May 26, 2025
->The Punjab Police Constable Exam Hall Ticket 2025 has been released on the official website of Punjab Police for the examination to be held from 31st May to 8th June 2025.
> The Punjab Police Constable 2025 Exams have started from 4th May onwards.
-> According to the official notification, the Punjab Police has announced a total of 1746 Vacancies for the post of District Police Cadre and Armed Police Cadre.
-> Eligible and Interested candidates can apply from 21st February 2025 to 13th March 2025.
-> The candidates will be selected based on their performance in the computer based test, physical measurement test, physical screening test, and document scrutiny.
-> Candidates can go through the Punjab Police Constable Preparation Tips to give a boost to their preparation.
-> Selected candidates will be getting a salary of INR.19,900 per month.