DC MSME schemes very important

Development Commissioner (DC-MSME) Schemes
Related scheme: 1. Credit Guarantee
Description Ministry of Micro, Small and Medium Enterprises, GoI and Small Industries
Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust
for Micro and Small Enterprises (CGTMSE) to implement Credit Guarantee Fund Scheme for
Micro and Small Enterprises. The corpus of CGTMSE is being contributed by GoI and SIDBI.
Nature of assistance Collateral free loans up to a limit ofRs.50 lakh - for individual MSEs
Who can apply Both existing and new enterprises are eligible to be covered under the scheme.
How to apply Candidates meeting the eligibility criteria may approach banks/financial
institutions, which are eligible under the scheme, or scheduled commercial banks and select
Regional Rural Banks.
Related scheme: 2. Credit Linked Capital Subsidy (CLCS) forTechnology Upgradation
Description Technology upgradation would ordinarily mean induction of state-of-the-art or near
state-of-the-art technology. In the varying mosaic of technology obtaining in more than 7,500

MSME organizational set up

Organisational Setup
The M/o MSME has two Divisions called Small & Medium Enterprises (SME) Division and Agro &
Rural Industry (ARI) Division. The SME Division is allocated the work, inter- alia, of administration,
vigilance and administrative supervision of the National Small Industries Corporation (NSIC) Ltd., a
public sector enterprise and the three autonomous national level entrepreneurship
development/training originations. The Division is also responsible for implementation of the
schemes relating to performance and credit rating and assistance to training institution, among
others. SME Division is also responsible for preparation and monitoring of Results Framework
Document (RFD) as introduced in 2009 by the Cabinet Secretariat under Performance Monitoring
and Evaluation System (PMES). The ARI Division looks after the administration of two statutory
bodies viz. the Khadi and Village Industries Commission (KVIC), Coir Board and a newly created
organization called the Mahatma Gandhi Institute for Rural Industrialization (MGIRI). It also
supervises the implementation of the Prime Minister's Employment Generation Programme
(PMEGP).

MSME institutional frame work and overview

INSTITUTIONAL FRAMEWORK & MSME Financing

The importance of MSMEs is recognised in the 12th five year plan for 'faster, sustainable and more
inclusive Growth (Planning Commission, 2011). It is understood that MSMEs provide a vehicle to
build more inclusive growth, with higher disbursement compared to larger scale enterprises. With
MSMEs, comes the opportunity for unrestricted creativity and innovation driven by individual of
entrepreneurship. Backed by Hon'ble Prime Minister Shri Modi's ambitious 'Make in India'
campaign, there are number of growth advantages that MSMEs can benefit from. They have
significantly higher labour to capital ratios and as such offer significant opportunities for job
production, as well as growth through rural urbanisation which comes as a result of a strong
degree of operational flexibility. The MSME sector remains one of the most cost-effective
employment creation resources. A number of capital resources can be mobilised by the increased
spread of entrepreneurship that would otherwise have been left immobile. Similarly, with
increased MSME job production comes the opportunity to utilise the nation's skills that may have

MSME CDP very important for exam

MSE-CDP
Micro & Small Enterprises - Cluster Development Programme (MSE-CDP)
The Ministry of Micro, Small and Medium Enterprises (MSME), Government of India (GoI) has adopted the Cluster Development approach as a key strategy for enhancing the productivity and competitiveness as well as capacity building of Micro and Small Enterprises (MSEs) and their collectives in the country. A cluster is a group of enterprises located within an identifiable and as far as practicable, contiguous area and producing same / similar products / services. The essential characteristics of enterprises in a cluster are (a) Similarity or complementarity in the methods of production, quality control and testing, energy consumption, pollution control, etc (b) Similar level of technology and marketing strategies / practices (c) Similar channels for communication among the members of the cluster (d) Common challenges and opportunities.

Objectives of the Scheme:

(i) To support the sustainability and growth of MSEs by addressing common issues such as improvement of technology, skills and quality, market access, access to capital, etc.

ii) To build capacity of MSEs for common supportive action through formation of self help groups, consortia, upgradation of associations, etc.

(iii) To create/upgrade infrastructural facilities in the new/existing industrial areas/ clusters of MSEs, including setting up of Flatted Factory Complexes.

(iv) To set up common facility centres (for testing, training centre, raw material depot, effluent treatment, complementing production processes, etc.)

Components:

(i) Setting up of CFCs: Creation of tangible “assets” as Common Facility Centers (CFCs) like Common Production/Processing Centre (for balancing/correcting/improving production line that cannot be undertaken by individual units), Design Centres, Testing Facilities, Training Centre, R&D Centres, Effluent Treatment Plant, Marketing Display/Selling Centre, Common Logistics Centre, Common Raw Material Bank/Sales Depot, etc. The GoI grant will be restricted to 70% of the cost of project of maximum Rs 15.00 crore. GoI grant will be 90% for CFCs in NE & Hill States, Clusters with more than 50% (a) micro/ village (b) women owned (c) SC/ST units.

(ii) Infrastructure Development: Consist of projects for infrastructural facilities like power distribution network, water, telecommunication, drainage and pollution control facilities, roads, banks, raw materials storage and marketing outlets, common service facilities and technological backup services for MSEs in the new/ existing industrial estates/areas. The GoI grant will be restricted to 60% of the cost of project of Rs 10.00 crore. GoI grant will be 80% for projects in NE & Hill States, industrial areas/ estates with more than 50% (a) micro (b) women owned (c) SC/ST units.

MSME schemes NMCP

Manufacturing Competitiveness Programme (NMCP)

The Government has announced formulation of National Competitiveness Programme in 2005 with an objective to support the Small and Medium Enterprises (SMEs) in their endeavor to become competitive and adjust the competitive pressure caused by liberalization and moderation of tariff rates. Para 59 of the Budget Speech 2005 are as follow:-

"Worldwide, it is manufacturing that has driven growth. In order to revive the manufacturing sector, particularly small and medium enterprises, and to enable them to adjust to the competitive pressures caused by liberalization and moderation of tariff rates, I propose to launch a new scheme that will help them strengthen their operations and sharpen their competitiveness. The scheme will be called the "Manufacturing Competitiveness Programme". The design of the scheme will be worked out by the National Manufacturing Competitiveness Council (NMCC) in consultation with the industry".

Accordingly, the NMCC along with relevant stakeholders like the Ministry of MSME has conceptualized and finalized the components of the programme incorporating suitable inputs from the stakeholders in a meeting taken by Chairman, NMCC on 7.12.2005. The NMCP, as conceptualized by the NMCC was accepted by the Government and announced for implementation in the Budget 2006-07, para 68 of which state as under:-

The National Manufacturing Competitiveness Council (NMCC) has finalized a five-year National Manufacturing Programme. Ten schemes have been drawn up including schemes for promotion of ICT, mini tool room, design clinics and marketing support for SMEs. Implementation will be in the PPP model, and financing will be tied up during the course of the next year

The Small and Medium Industries form the backbone of manufacturing sector not only in this country but even in the developed countries. In India, the small scale sector contributes to 40% of manufacturing. The small industries sector also contributes substantially to the exports. In the past, the Small Scale Sector existed in a relatively sheltered environment. The levels of protection were high, several goods were reserved for production in the Small Scale Sector, special fiscal incentives were extended to the units in the sector and a number of support programmes were also drawn up to ensure the Small Industries survived.

In the post-reform era, starting from 1991, the situation for the Manufacturing Sector as a whole as well as for the Small Industries has undergone a dramatic change. The tariffs on imports have been reduced very substantially. India is gradually integrating with the world economy; new trade blocs are forming and many countries, including India, are entering into Preferential Trade Agreements, Free Trade Agreements or Comprehensive Economic Agreements to improve trade in areas of their comparative advantage. In this process the Indian economy is becoming more open and there is an urgent need for the Industry to adjust to the new situation. The Indian Industry will have to become competitive by cutting down overall costs to that extent to survive and grow. The situation confronting the Small Industries in particular provides both opportunities as well as challenges. An opportunity to grow in a global market place is available to access entry into the global value chain by virtue of their being internationally competitive. The others would need to reposition themselves and become competitive to meet the challenges if they have to survive

Prevention of cyber crime and fruad management today's recollected questions

Cyber crime Recollected Questions date-08/07/18

Q1.what is honey pot. Q2. What are steps involved in a Ecommerce transactions. Q3. Difference between durability and consistency. Q4. What is firewell. Q5 .what is wankworm and NASA. Q6. Eucp published in which year. Q7.OLA is not a popular app store. Q8.what is circumstantial evidences. Q9.BOSS (Bharat operating system solution was developed by which organizations -CDAC Q10.what is malicious code writer's. Q11.What is multylayered security Q12. What is data. Q13.blackmailing is an example of cyber extortion. Q14 what is SCADA. Q15.what is cryptolocker Q16.smart card in metrorailway stations are examples Q17.packet filter firewall. Q18.micro ATM. Q19.cross site Scripting. Q20. What is A hectivist...
 Q21 . Rupay card is issued in which year. Q22 what is Trojan hourse. Q23. What is malware. Q.24.data backup is an example of which type of control. Q25.what is Lebance loop modulas oprendi in atm card frauds. Q26.CCTV is an example of which control. Q27.what is Cyber Smearing. Q28.what is operating system vulnerability Q29.what is full form of CISA cyber security information sharing Act. Q30 what is zeus viruses. Q31.what is hashh value and integrity. Q32.w difference between Authirization and Authentication. Q33. What is INFO stealer. Q34.e.what is A beck End Access. Q35.what is meaning of phrase of "Ab initio Unlawfully or Unlegally. Q36.what is security Administration and Quality Assurance. Q37.what is CAPTCHA. Q38.Intentionally misrepresentation of Data is called A Fraud. Q39. What is definition of Control. Q40.What is A John Deo Order. ...
Q41.what is payment walked and digital wallet Q42 what is Anonymous. Q43. What is trapdoor access. AQ44..Total branch automation TMA. Q45. .com and .org are TLD. Q46. TCS fraud in Andhra Pradesh is an example of reasonable security practises and procedures. Q47. The PVCL case in India refers to which Act of IT act Act_69 power to moniter,intercept or Block URL. Q48.one question on CBS and TBA total branch Automations. Q49. Sysadmin sysuser or teller all are examples of Spoofing. Q50.what is A network Analysis. Q51.what is vulnerability Q52.what is DNS sinkholding. Q53.e.Contactless smart card are example of which. Q54 .Lebance Loop card fraud rubber band type material inside Atm Fraud. Q55.what is Contigency pkanning. Q56.what is Nigrean 419 Fraud. Q57.Dumpster Diving. Q58.what is diffrence between Steersman and script kiddle Q59.Staganography. Q60. What is SSL injections and Cross Site Scripting......


Recollected questions from prevention of cyber crimes and fraud management...

Script kiddie
Prevention control, deterrent control,
Interpol (which indian agency co-ordinate with it)
Zeus
From which year UCP is effective
UTM
Asymmetric and symmetric encryption(2 questions )
Cert
I4C
IT act and IT amendment act(3 questions approx)
Blue hat hacker
Eavesdropping
Mitm
Didi
Digital signature
How to make email secure---SSL, SHA like tech

Integrity 

Authentication

Micro finance

What is microfinance?
Microfinance, also known as microcredit, is a financial service that offers loans, savings and insurance to entrepreneurs and small business owners who don't have access to traditional sources of capital, like banks or investors. The goal of microfinancing is to provide individuals with money to invest in themselves or their business.

"Microfinance focuses on meeting the financial needs of populations that are financially underserved," said Tarsava. "These are individuals who usually lack the credit or resources to secure a loan and are unlikely to get approval from traditional banks. Typically, these consumers are seeking small-denomination loans … to finance the purchase of a specific equipment, or the capital to start a small business."

All the best for your exam

Luck is a funny thing because sometimes it can be good and sometimes it can be bad. So take matters in your own hand, study hard and stop relying on something so fickle. All the best.

The best way to motivate yourself is to stop stressing about what’ll happen when things go wrong and start thinking about how awesome life will be when they go right. Good luck.

wish you success in your exams messages

If you believe in yourself you do not have to fear any challenge. I wish you all the success for your exam!

You prepared well, You know it all right, Just relax over the night. Morning will come and so will the test Don’t you worry; you just need a little rest. Best of luck for exam!

Current Affairs on July 7th 2018

Today's Headlines from www:

*Economic Times*

📝 Forex reserve falls by $1.76 billion to $406 billion

📝 Tata Steel posts 8% growth in Q1FY19 sales

📝 Sterlite Tech's Italian unit to buy Metallurgica Bresciana for 47 million euros

📝 India's engineering exports up 20 per cent despite US-China trade war: EEPC

📝 Gold imports drop 25% in June on rupee plunge

📝 Six global companies respond to India's RFI for 110 fighter jets

📝 PNB invites bids to sell 3 NPA accounts to recover over Rs 136 cr

Cyber fraud exam:

cyber fraud exam:

 CRYPTOGRAPHY
There are two basic types of Encryption algorithms:

(i) Symmetric encryption
(ii) Asymmetric Encryption
Symmetric Encryption: In this encryption technique the sender and receiver encrypts and decrypts the message with the same key. Examples are Twofish, Serpent, AES (Rijndael), Blowfish, CAST5, Kuznyechik, RC4, 3DES, Skipjack etc.
Asymmetric encryption: In this encryption technique the sender encrypts the message with the receiver’s public key and the receiver decrypts the information with recipient’s private key. Hence this technique is called public key encryption. Examples are: Diffie-Hellman, RSA, ECC, ElGamal, DSA etc.
Among the various models of symmetric cipher analyzed the Rijndael is the best. Actually it is the role model of DES and AES. This model is adopted by different information security agencies like NSA, NIST and FIPS.

BCSBI Important Notes

                               INTRODUCTION
BCSBI:This is a voluntary Code, which sets minimum standards of banking
practices for banks to follow when they are dealing with individual
customers. It provides protection to you and explains how banks are
expected to deal with you for your day-to-day operations.
The Code does not replace or supersede regulatory or supervisory
instructions of the Reserve Bank of India (RBI) and we will comply with
such instructions/directions issued by RBI from time to time. Provisions
of the Code may set higher standards than what is indicated in the
regulatory instructions and such higher standards will prevail as the Code
represents best practices voluntarily agreed to by us as our commitment
to you.
In the Code, ‘you’ denotes the customer and ‘we’, the bank the customer
deals with.
1.1 Objectives of the Code
The Code has been developed to:
a. promote good and fair banking practices by setting minimum
standards in dealing with you
b. increase transparency so that you can have a better understanding
of what you can reasonably expect of the services
c. encourage market forces, through competition, to achieve higher
operating standards
d. promote a fair and cordial relationship between you and your bank
e. foster confidence in the banking system.
The standards of the Code are covered by the key commitments in Section 2.
1.2 Application of the Code
This Code applies to all the products and services listed below, whether
they are provided by branches or subsidiaries, agents acting on our behalf,
across the counter, over the phone, by post, through interactive electronic
devices, on the internet or by any other method. However, all products
discussed here may or may not be offered by us.
a. Current accounts, savings accounts, term deposits, recurring
deposits, PPF accounts and all other deposit accounts
3
b. Payment services such as pension, payment orders, remittances by
way of Demand Drafts, wire transfers and all electronic transactions
e.g. RTGS, EFT, NEFT

Code of Bank’s Commitment to Micro and Small Enterprises

Code of Bank’s Commitment to Micro and Small Enterprises – August 2015

                                              Introduction

This Code sets the minimum standards of banking practices that banks
will follow when they are dealing with Micro and Small Enterprises
(MSEs) as defined in the Micro, Small and Medium Enterprises
Development (MSMED) Act, 2006. It provides protection to you and
explains how banks are expected to deal with you in your day-to-day
operations and in times of financial difficulty.
The Code does not replace or supersede regulatory or supervisory
instructions issued by the Reserve Bank of India (RBI) and we will comply
with such instructions / directions issued by the RBI from time to time.
The provisions of the Code may have set higher standards than those
prescribed in the regulatory or supervisory instructions and such higher
standards will prevail, as the Code represents best practices agreed to
by us as our commitment to you.
In the Code, ‘you’ denotes the MSE Customer and ‘we’, the bank that
you deal with.
1.1 Objectives of the Code
The objectives of the Code are –
a. To give a positive thrust to the MSE sector by providing easy access
to efficient and appropriate banking services.
b. To promote good and fair banking practices by setting minimum
standards for dealings with you.
c. To increase transparency so that you can have a better understanding
of what you can reasonably expect of the services.
d. To improve our understanding of your business through effective
communication.
e. To encourage market forces, through competition, to achieve higher
operating standards.
f. To promote a fair and cordial relationship between you and us.
g. To ensure timely and quick response to your banking needs.
h. To foster confidence in the banking system.
The standards of the Code are covered by the key commitments in
Section 2.

Cyber fraud full article

CYBER FRAUD
Introduction:
With the advances in information technology, most banks in India have migrated to core banking
platforms and have moved transactions to payment cards (debit and credit cards) and to electronic
channels like ATMs, Internet Banking and Mobile Banking. Fraudsters have also followed customers
into this space. However, the response of most of the banks to frauds in these areas needs further
improvement, thereby avoiding putting the entire onus on the customer. There is also a lack of clarity
amongst banks on the reporting of these instances as frauds. A need is therefore felt to have an industry wide framework on fraud governance with particular
emphasis on tackling electronic channel based frauds. This note endeavours to bring out the
challenges and suggests a framework which can be implemented across banks to effectively tackle

PCI DSS 3.2 Resource Guide

PCI DSS 3.2 Resource Guide
The Payment Card Industry Security Standards Council (PCI SSC) has published a
new version of the industry standard that businesses use to safeguard payment data
before, during and after purchase. PCI Data Security Standard (PCI DSS) version 3.2
replaces version 3.1 to address growing threats to customer payment information.
Companies that accept, process or receive payments should adopt it as soon as
possible to prevent, detect and respond to cyberattacks that can lead to breaches.
Read on for answers to key questions about updates to the standard, timelines, and
resources available for understanding and adopting PCI DSS version 3.2.
Why is the PCI DSS being updated?
A: The Council updates the PCI DSS to ensure it continues to protect against old exploits that are still causing problems, addresses new
exploits and provides greater clarity for implementing and maintaining PCI DSS controls.
Why is it PCI DSS 3.2 and not PCI DSS 4.0?
A: The industry recognizes PCI DSS as a mature standard now, which doesn’t require the significant updates we have seen in the past.

TREASURY MANAGEMENT

1.  Fund management has been the primary activity of treasury, but treasury is also responsible for Risk Management & plays an active part in ALM.

2.  D-mat accounts are maintained by depository participants to hold securities in electronic form.

3.  In present scenario treasury function is liquidity management and it is considered as a service center.

4.  From an organizational point of view treasury was considered as a service center but due to economic reforms & deregulation of markets treasury has evolved as a profit center.

RISK MANAGEMENT 2

:UNIT – VI : RISK AND BANKING BUSINESS

1.  Risks are uncertainties resulting in adverse outcome, adverse in relation to planned objectives or expectations.

2.  Financial risks are uncertainties resulting in variation of profitability or outright losses.

3.  Factors that are responsible for creating uncertainties in cash inflow and cash outflow are the risk elements.

4.  Uncertainties in both cash inflow and cash outflow would result in net cash flow or profits.

5.  The possible unfavorable impact is the Risk of the business.

6.  Lower risk implies lower variability in net cash flow with lower upside & down side potential.

7.  Higher risk would imply higher upside and downside potential.

8.  Zero risk would imply no variation in net cash flow.

RISK MANAGEMENT NOTES

 COMPONENTS OF ASSETS AND LIABILITIES IN BANK’S BALANCE    SHEET AND THEIR MANAGEMENT

1.  ALM encompasses the analysis and development of goals and objectives, the development of long term strategic plans, periodic profit plans and rate sensitivity management.

2.  Assets represent the uses of funds to generate revenue for the Bank.

3.  Reserves and Surplus includes Share premium and balance in P&L account.

4.  Borrowings consists of Refinance from RBI and other institutions.

5.  Other Liabilities are Bills Payable, Inter-office adjustments, Interest accrued &  others like provision for IT, tax deductions at sources, interest tax, provisions etc.

6.  Money at Call and Short Notice includes all loans made in the inter bank  call money market that are repayable within 15 days notice.

7.  A major item in Bank’s Balance Sheet is investment in various securities.

8.  Cash credits, Overdrafts, and loans repayable on demand falls under the category of loans repayable on demand though they may have a specific due date.

9.  The income on Investments is of two types Dividends and Interest. 

10.  The other income includes profit on sale of Investments and other assets.

11.  Dividends from Subsidiaries and Joint ventures are part of Other Income.

12.  The heart of Bank’s financial management is Risk Management.

13.  The deregulated environment has not only led to introduction of discriminate pricing policies but also highlighted need to match maturities of assets & liabilities

14.  The ALM involves interest rates, exchange rates and liquidity risks.

15.  ALM is the act of planning, acquiring and directing the flow of funds through an organization.

16.  ALM requires understanding of market area in which Bank operates.

Risk management

Risk Management


CAPITAL MANAGEMENT AND PROFIT PLANNING
1) One of the important parameters of financial strength is Capital or Net worth.
2) The correlation between business level & capital position is called Capital Adequacy.
3) The incentive for doing business hails from profitability.

CAPITAL ADEQUACY – THE BASEL – II OVERVIEW
1) The Central bank Governors of 10 countries formed a committee on Banking Supervisory
Authorities in 1975.
2) The Banking Supervisory Authority Committee usually meets at the Bank of International
Settlements (BIS) at Basel, in Switzerland.
3) The Basel Committee provided the framework for Capital Adequacy in 1988 is known as the
Basel – I accord.
4) The Basel norms for Risk weights were more of a straightjacket nature.
5) As per Basel – I all exposures to sovereign were given 0% risk weight and all bank exposures
were given 20% Risk weight.
6) Assigning Risk Weightage to assets without considering the strengths and weaknesses of
individual entities was the main shortcoming of Basel – I.
7) The Basel – I defined components of Capital and allotted the Risk weights to different
categories of assets.
8) Basel – I stipulated minimum ratio of Capital to Risk weighted Assets.
9) The first round of proposal for changes in the Basel – I accord came up for deliberations and
consultative process in June 1999.
10) The Report of Basel – II Committee is titled as International Convergence of Capital
Measurement and Capital Standards a Revised frame work.
11) The Committee intends that the revised framework would be implemented by the end of year
2006.
12) The fundamental of Basel – II was to revise 1988 accord and to strengthen the soundness and
stability of banking system.

New Foreign exchange management 150 MCQs

FOREIGN EXCHANGE MANAGEMENT

Multiple Choice Questions.
1. Foreign exchange transactions involve monetary transactions
A. among residents of the same country
B. between residents of two countries only
C. between residents of two or more countries
D. among residents of at least three countries
ANSWER: B
2. Under FEMA, the RBI has been authorised to make ------ to carry out the provisions of the Act.
A. rules
B. regulations
C. both rules and regulations
D. notifications
ANSWER: B
3. A foreign currency account maintained by a bank abroad is its
A. nostro account
B. vostro account
C. loro account
D. foreign bank account
ANSWER: A

Srinivas kante

4. 'Non-resident Bank Accounts' refer to
A. nostro account
B. vostro account
C. accounts opened in offshore centres
D. none of the above
ANSWER: B
5. Non-resident bank accounts are maintained in
A. the permitted currencies
B. the currency of the country of the bank maintaining the account
C. the currencies in which FCNR accounts are permitted to be maintained
D. Indian Rupee
ANSWER: D

Forex mcqs for international banking

1. Foreign Exchange Management Act (FEMA) is administered by:
(a) RBI (b) Govt. of India (c) SEBI (d) Both (a) & (b) (d) All of these
2. A license to deal in foreign exchange to authorized dealers is issued by :
(a) DGFT (b) FEDAI (c) RBI (d) EXIM Bank(e) both (a) & (c)
3. All foreign exchange transactions in India are governed by :
(a) Foreign Exchange Regulation Act, 1973 (b) Reserve Bank of India Act, 1934
(d) Foreign Exchange Management Act, 1999 (e) Banking Regulation Act,1949
4. Restricted money changers are the firms/ organizations authorized to undertake :
(a) sale of foreign currency notes, coins and travellers' cheques to the public
(b) purchase of foreign currency notes, coins and travellers' cheques from the public
(c) issue of letters of credit for their importer customers
(d) both safe and purchase of foreign currency notes, coins, travellers' cheques to / from the public