Loan Ratio Loans & Advances

How To Calculate Fixed Obligation to Income Ratio (FOIR) ?

Fixed Obligation to Income Ratio formula is an important parameter in Loan calculation while maintaining Rating Chart. FOIR ratio includes all the fixed obligations that the customer is supposed to pay regularly on a monthly basis. The Fixed Obligations however, do not include statutory deductions from the salary like Provident Fund, Professional Tax and deductions […]

Loans & Advances

What is Entrepreneurship Development Programme (EDP) Under PMEGP ?

The objective of EDP is to provide orientation and awareness pertaining to various managerial and operational functions like finance, production, marketing, enterprise management, banking formalities, bookkeeping, etc. The duration for EDP under REGP was only 3 days, whereas, under PMRY it was 10 days. During various meetings, discussions and recommendations of Department Related Parliamentary Standing […]