[Economy] Important Terms - 2 Marks for TNPSC Group 1, 2 Mains

CRR Cash Reserve Ratio

• The minimum amount to be deposited by the Banks with the RBI.

SLR Statutory Liquid Ratio

• The minimum percentage of deposits of a Bank to be kept in its own vault.

Viability Gap Funding

• VGF (Viability Gap Funding) is a mechanism in which the Government provides a capital grant to make the project feasible (economically viable) to the Developers

CSR - Corporate Social Responsibility

• Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year must spend every year at least 2 % of their average net profit over the preceding three years on CSR.

Crowdfunding

• It is a method of funding a project or venture by raising money from a large number of people each contribute a small amount of money.
• Mostly the money will be raised via Internet.