National Bank For Agriculture And Rural Development – NABARD is established as an apex development bank with a mandate to facilitate credit flow for the promotion and development of small-scale industries, handicrafts, agriculture, cottage and village industries, and other natural crafts.
Project finance is the process of securing funds necessary to support an economically different capital investment proposal.
The term “negotiable instrument” refers to a written document that establishes a right in favour of a person and is freely transferable. While the Act specifically mentions only three instruments (namely, a promissory note, a bill of exchange, and a cheque).
Table of Contents: Meaning of Secondary Market The secondary market is also referred to as the aftermarket. It is the financial market where previously issued securities and financial instruments such as bonds, stocks, and futures are bought and sold. The term “secondary market” is also employed to describe the market for used goods or assets,
The primary market, also referred to as the New Issue Market (NIM), is the initial platform where newly issued securities, such as shares or bonds, are made available for the first time. This market exclusively deals with securities that have never been issued before. Both existing and new companies can raise capital in the new issue market.
The term capital market refers to institutional arrangements that facilitate the lending and borrowing of long-term funds. In the widest sense, it consists of a series of channels through which the savings of the community are made available for industrial, public authorities and commercial enterprises.
