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Yogita Ingle 4 years, 9 months ago
Vending machines are the newest revolution in retail trade. These are coin operated machines and help in selling products like milk, soft drinks, hot beverages, platform tickets, etc.
2. The latest development under this concept is Automated Teller Machines (ATM) in the banking sector.
3. This machine has made it possible to withdraw money any time without visiting any bank.
4. These machines prove to be very useful for selling prepacked goods at a low price, having high turnover and are uniform in size and weight.
5. The main limitation of these machines is that the installation cost of these machines is very high. Also, the expenditure on regular maintenance and repair on them is very high.
6. Another limitation of this system is that the customers can neither see the product before buying nor return the unwanted goods.
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Gaurav Seth 4 years, 9 months ago
National Bank For Agriculture & Rural Development (NABARD)
It is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.
Posted by Mohit Kashyap 4 years, 9 months ago
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Yogita Ingle 4 years, 9 months ago
The activities of indigenous bankers was getting low but their importantance not. After nationalisation of commercial banks and the spread of banking in urban and rural areas, because the borrowers still facing problems to getting loans from the bank.
Indigeneous bankers doesn't have fixed hours and paper formalities that's why the borrowers approach them directly and informally and get loans promptly and easily. They are very popular with traders, businessmen, agriculturists, and ordinary people.
Indigenous bankers provide finance and remittance facilities to traders and small industrialists by advancing loans; writing, buying and selling hundis; writing finance bills and trade bills. Thus they help not only in financing internal trade but also in expanding it.
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Laxmi Roy 4 years, 8 months ago
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