minor project report on a study on l.i.c

7/30/2019 Minor Project Report on a Study on l.i.c

1/66

C HILMV PVMBKOZ VKPMVZ

ML

C _Z[JY MN AIO ILJIC

_[FHIZZKJ IL PCVZICA N[ANIAAHKLZ MN ZDKVKS[IVKHKLZ NMV ZDK CWCVJ MN ZDK

JKGVKK MN FCODKAMV MN F[_ILK__

CJHILI_ZVCZIML 6033-3:

[ljkr tdk Guijclok mn2 _ufhittkj fy2

Hs.CVZI HCAIE CHIZ E[HCV BCIL

Cssistclt Prmnkssmr Vmaa. Lm2 0?33603733H_I FFC (Gklkrca) 6lj _dint

?rj _khkstkr

Hcdcrcbc _urcbhca Ilstitutk

O-:, Bclcepuri, Lkw Jkadi-3300;4


2/66

.

_Z[JKLZ_ JKOA V ZIML

Zdis is tm okrtiny tdct I dcvk omhpaktkj tdis Prmbkot titakjC _Z[JY MN AIO ILJIC uljkr tdk guijclok mn Hs.

CVZI HCAIE il pcrtica nuaniaahklt mn tdk rkquirkhklt mntdk cwcrj mn jkgrkk mn Fcodkamr mn Fusilkss

Cjhilistrctiml ct Hcdcrcbc _urcbhca Ilstitutk, Jkadi.

Zdis is cl mrigilca pikok mn wmre clj I dcvk lmt sufhittkjit kcraikr kaskwdkrk.

Jctk2 6;-30-36 CHIZ E[HCV BCIL

Pacok2 LKW JKADI VMAA. LM. 0?363603733


3/66

.

OKVZINIOCZK NVMH ZDK G[IJKZdis is tm okrtiny tdct tdk prmbkot titakj C _Z[JY MN AIO

ILJIC is cl cocjkhio wmre jmlk fy CHIZ E[HCV BCIL

sufhittkj il tdk pcrtica nuaniaahklt mn tdk rkquirkhklt nmr tdk

cwcrj mn tdk jkgrkk mn Fcodkamr mn Fusilkss Cjhilistrctiml nrmh

Hcdcrcbc _urcbhca Ilstitutk, O-:, BCLCEP[VI, Jkadi, uljkr hy

guijclok & jirkotiml.

Hs. CVZI HCAIE

C__I_ZCLZ PVMNK__MV

H_I


4/66

.

COELMWAKJGKHKLZNirst mn caa, I wmuaj aiek tm kxprkss hy tdcles tm Prmn. CRCJ. _.ODDIAACV (Jirkotmr, H_I) nmr givilg hk suod c wmljkrnua

mppmrtulity tm wijkl tdk dmrizmls mn hy elmwakjgk.

Il lm shcaa hkcsurks, I wmuaj casm aiek tm grctknuaay tdcle tm caa

tdmsk wdm gcvk hk omlstruotivk suggkstimls nmr tdk ihprmvkhklt

mn caa tdk cspkot rkactkj tm tdis prmbkot.

Il pcrtiouacr, I wmuaj aiek tm tdcle Hs. CVZI HCAIE,hy

rkskcrod guijk nmr dkr vcaucfak suggkstimls clj guijclok.

I casm mwk c jkkp sklsk mn grctitujk tm mtdkr ncouaty hkhfkrs nmr

tdkir omltilumus klomurcgkhklt.

Jkspitk caa knnmrts, I dcvk lm jmuft tdct krrmr clj mfsouritiks

rkhcil tdct skkl tm cnnaiot caa rkskcrod prmbkot clj nmr wdiod I ch

ouapcfak.

CHIZ E[HCV BCIL

Vmaa. Lm.2 0?363603733


5/66

.

ZCFAK MN OMLZKLZ_ODCPZKV 38 ILZVMJ[OZIML

- ILZVMJ[OZIML- MFBKOZI^K_ MN ZDK _Z[JY- VK_KCVOD HKZDMJMAMGY- AIHIZCZIML_ MN ZDK _Z[JY- _OMPK MN ZDK _Z[JY

ODCPZKV 6 8 OMHPCLY PVMNIAK

DI_ZMVY CLJ NMVHCZIML MN AIO

ODCPZKV ?8JCZC CLCAY_I_ CLJ ILZKVPVKZCZIML

GVCPD_, ODCVZ_

ODCPZKV :8VKOMHHKLJCZIML_ CLJ

OMLOA[_IML_

- OMLOA[_IML_FIFAIMGVCPDY

-

WKF_IZK_- FMME_- BM[VLCA_


6/66


7/66

.

WDCZ CLJ WDY MN AINK IL_[VCLOK

WDCZ I_ AINK IL_[VCLOK

Aink ilsurclok is c omltrcot nmr pcyhklt mn c suh mn hmlky tm tdk

pkrsml cssurkj (mr nciailg dih/dkr, tm tdk pkrsml kltitakj tm rkokivk tdk

schk) ml tdk dcppklilg mn tdk kvklt ilsurkj cgcilst. [sucaay tdk

omltrcot prmvijks nmr tdk pcyhklt mn cl chmult ml tdk jctk mn

hcturity mr ct spkoinikj jctks ct pkrimjio iltkrvcas mr ct ulnmrtulctk

jkctd, in it moours kcraikr. Chmlg mtdkr tdilgs, tdk omltrcot casm

prmvijks nmr tdk pcyhklt mn prkhiuh pkrimjiocaay tm tdk omrpmrctiml

fy tdk cssurkj. Aink ilsurclok is ulivkrscaay coelmwakjgkj tm fk cl

ilstitutiml, wdiod kaihilctks VI_E, sufstitutilg okrtcilty nmr

ulokrtcilty clj omhks tm tdk tihkay cij tdk nchiay il tdk ulnmrtulctk

kvklt mn jkctd mn tdk frkcjwillkr. Fy clj acrgk, aink ilsurclok is

oiviaizctimls pcrtica smautiml tm tdk prmfakhs ocuskj fy jkctd.

WDY I_ AINK IL_[VCLOK VKS[IVKJ

Aink ilsurclok is fcsiocaay rkquirkj tm omvkr tdk twm dczcrjs tdct

stclj cormss tdk aink pctd mn kvkry pkrsml2

3. Mn jyilg prkhcturkay akcvilg c jkpkljklt nchiay tm nklj nmr it.

6. Mn aivilg tm maj cgk witdmut visifak hkcls mn suppmrt.


8/66

.

MFBKOZI^K_ MN ZDK _Z[JY

3. Zm stujy tdk vcrimus prmjuots mnnkrkj fy AIO.

6. Zm stujy tdk odclgks il tdk hcrektilg strctkgiks mn AIO witd

kltrclok mn privctk ilsurclok pacykrs.

?. Zm stujy tdk prmgrkss mn AIO nrmh its ilokptiml tiaa rkoklt

jkvkamphklts.

:. Zm stujy tdk vcrimus prmjuots mnnkrkj fy AIO.

;. Zm stujy tdk odclgks il tdk hcrektilg strctkgiks mn AIO witd


>. Zm stujy tdk prmgrkss mn AIO nrmh its ilokptiml tiaa rkoklt

jkvkamphklts.

7. Zm stujy tdk vcrimus prmjuots mnnkrkj fy AIO.

4. Zm stujy tdk odclgks il tdk hcrektilg strctkgiks mn AIO witd


9. Zm stujy tdk prmgrkss mn AIO nrmh its ilokptiml tiaa rkoklt

jkvkamphklts.

30.Zm stujy tdk vcrimus prmjuots mnnkrkj fy AIO.

33.Zm stujy tdk odclgks il tdk hcrektilg strctkgiks mn AIO witd


36.Zm stujy tdk prmgrkss mn AIO nrmh its ilokptiml tiaa rkoklt

jkvkamphklts.


9/66

.

_OMPK MN ZDK _Z[JY

Ilsurclok is tdk hmst jylchio clj grmwilg skotmr il tmjcys

fusilkss klvirmlhklt. C fig luhfkr mn fusilkss dmusks mn Iljic

dcvk buhpkj iltm tdk fusilkss mn ilsurclok.

Aink Ilsurclok tmjcy pacys c hcbmr rmak il mlks aink ct vcrimus

stcgks fkocusk mn tdk vcrimus fklknits it mnnkrs.

Zdis rkpmrt prksklts c frikn fcoegrmulj mn dmw AIO ochk iltm

kxistklok clj dmw it fkochk cs mlk mn tdk tmp ilsurclok pacykrs mn

Iljic.

Zdk prmbkot jkcas witd tdk hcrekt sdcrk mn AIO clj tdk ourrklt

pmsitiml mn AIO witd tdk omhilg up mn vcrimus mtdkr privctkilsurclok pacykrs.


10/66

.

VK_KCVOD HKZDMJMAMGYHKZDMJ MN JCZC OMAAKOZIML

Jctc hcy fk mftcilkj kitdkr nrmh tdk prihcry smuroks mr nrmh tdk

skomljcry smuroks. C prihcry smurok is c mlk tdct itskan omaakot tdk

jctc clj c skomljcry smurok is c mlk tdct hceks usk mn cvciacfak jctc

wdiod wcs omaakotkj fy smhk mtdkr cgkloiks. Jkpkljilg ml tdk smurok,

stctistioca jctc is oacssinikj uljkr twm octkgmriks.

3. PVIHCVY JCZC,

6. _KOMLJCVY JCZC.

Prihcry is tdct wdiod is omaakotkj nmr tdk nirst tihk clj tdus dcppkls

tm fk mrigilca il odcrcotkr.

_komljcry is tdct wdiod is carkcjy fkilg omaakotkj fy smhkmlk kask

clj wdiod dcs carkcjy pcsskj tdrmugd tdk stctistioca prmokss.

_CHPAK JK_IGL CLJ JCZC OMAAKOZIMLHy rkskcrod is fcskj upml skomljcry jctc wdiod is omaakotkj nrmh

vcrimus Fmmes, Iltkrlkt clj vcrimus rkomrjs mn AIO.

AIHIZCZIML_ MN ZDK _Z[JY3. Zdis prmbkot is kltirkay fcskj upml skomljcry jctc sm, it acoes tdk pkrsmlca

tmuod.

6. Fkocusk mn tihk omlstrcilt, I wcs lmt cfak tm omaakot huod mn ilnmrhctiml.


11/66

.

ODCPZKV-6

OMHPCLY PVMNIAK


12/66

.

AINK IL_[VCLOK OMVPMVCZIML MN ILJICDI_ZMVY MN AINK IL_[VCLOKAink ilsurclok nirst stcrtkj il Klgaclj il tdk 3>

td okltury. Zdk nirst

aink tdct wcs ilsurkj wcs mn Wiaaich Giffmls ml Bulk 34, 3>;?. Zdk

nirst rkgistkrkj mnniok mn aink wcs il Klgaclj witd tdk lchk Dclj-il-

Dclj _moikty il 3>9>. Il [_C, tdk aink ilsurclok jij lmt gcil

hmhkltuh tiaa 34td

okltury hcilay fkocusk mn nauotuctimls il jkctd

rctk. Fut cntkr 3400 it gcilkj hmhkltuh.Il Iljic, smhk Kurmpkcls stcrtkj tdk nirst aink ilsurclok omhpcly il

Fklgca Prksijkloy witd tdk lchk Mriklt Aink Cssurclok Omhpcly

il 3434. Zdkl il 3473 Fmhfcy Hutuca Aink Cssurclok_moikty wcs

kstcfaisdkj wdiod wcs c acljhcre il tdk Iljicl Ilsurclok Iljustry.

Fknmrk 3473 Iljicls wkrk odcrgkj cfmut 3;% hmrk prkhiuhs cs

omhpcrkj tm Kurmpkcls. Fut Fmhfcy Hutuca Aink Cssurclok _moikty

jij lmt jinnkrkltictk fktwkkl Iljicls clj Kurmpkcls il tdk hcttkr mn

nixctiml mn prkhiuhs. Zdkl il 347: Mrikltca Gmvkrlhklt _kourity

Aink Cssurclok Omhpcly Atj. wcs kstcfaisdkj. _ilok tdkl, skvkrca

mnnioks jkvkampkj il Iljic.

Il Iljic tdk privctk skotmr wcs prkvcaklt il aink ilsurclok fknmrk 39;>.

Zdkl it wcs lctimlcaizkj il 39;> clj tdkl cgcil witd omhilg up mn

IVJC Cot, it dcs fkkl privctizkj il 6000. Zdus, aink ilsurclok dcs

omhpaktkj c oyoak il its kvmautiml.


13/66

.

NMVHCZIML MN AIONirst cttkhpt tm rkguactk ilsurclok fusilkss wcs hcjk tdrmugd IljiclAink Ilsurclok Omhpcliks Cot il 3936. Zdkl tdis wcs frmcj fcskj

clj tdk ilsurclok cot ochk iltm kxistklok nrmh tdk ykcr 3964

mlwcrjs. Zdis cot wcs actkr rkvikwkj clj c omhprkdklsivk akgisactiml

wcs klcotkj ocaakj tdk Ilsurclok Cot 39?4. Zdkl lctimlcaizctiml mn

aink ilsurclok fusilkss tmme pacok il 39;>, wdkl 6:; Iljicl clj

nmrkigl ilsurclok clj prmvijklt smoiktiks wkrk nirst chcagchctkj clj

tdkl lctimlcaizkj. Zdkl tdk Aink Ilsurclok Omrpmrctiml mn Iljic

(AIO) ochk iltm kxistklok witd its okltrca mnniok amoctkj ct Huhfci.

Lctimlcaizctiml wcs jmlk juk tm nmaamwilg rkcsmls2

3. Fkocusk mn tdk uldkcatdy prcotioks fy ilsurkrs, tdkrk wkrk rkpkctkj

pmpuacr jkhcljs nmr lctimlcaizctiml il pcraichklt.

6. Zdkrk wcs c nkkailg tdct nuljs nrmh ilsurclok hcy fk utiaizkj nmr

omultrys komlmhio jkvkamphklt.

?. Zdk nmrkigl kxodclgk jrcil nmr ihpmrt fusilkss wmuaj fk stmppkj.

:. Zdk hmlmpmaistio omltrma mn tdk fusilkss fy c nkw iljustricaists

ilsurks wmuaj klj.

;. Zdk aivilg clj wmreilg omljitimls mn gklkrca ilsurclok mnniokrs wkrk

digday ulsctisncotmry.

>. Zdkrk wcs digd omlokltrctiml mn komlmhio pmwkr il c nkw dcljs.


14/66

.

MFBKOZI^K_ MN AIO3. Zm sprkcj aink ilsurclok huod hmrk wijkay clj il pcrtiouacr tm tdk

rurca crkcs clj tm tdk smoicaay clj komlmhiocaay fcoewcrj oacssks

witd tdk cih mn rkcodilg caa ilsurcfak pmsitimls il tdk omultry clj tm

prmvijk tdkh witd cjkquctk nilcloica omvkr cgcilst jkctd ct c

rkcsmlcfak omst.

6. Zm hcxihizk hmfiaizctiml mn pkmpaks scvilgs fy hceilg ilsurclok-

ailekj scvilgs cjkquctkay cttrcotivk.

?. Zm ekkp il hilj, il tdk ilvksthklt mn nuljs, tdk prihcry mfaigctimls

tm its pmaioy dmajkrs, wdmsk hmlky it dmajs il trust, witdmut amsilg

sigdt mn tdk iltkrksts mn tdk omhhulity cs c wdmak, tdk nuljs tm fk

jkpamykj tm fkst cjvcltcgk mn tdk ilvkstmrs cs wkaa cs tdk omhhulity

cs c wdmak ekkpilg il vikw lctimlca primritiks clj mfaigctimls mn

cttrcotivk rkturl.

:. Zm sprkcj aink ilsurclok huod hmrk wijkay clj il pcrtiouacr tm tdk

rurca crkcs clj tm tdk smoicaay clj komlmhiocaay fcoewcrj oacssks

witd tdk cih mn rkcodilg caa ilsurcfak pmsitimls il tdk omultry clj tm

prmvijk tdkh witd cjkquctk nilcloica omvkr cgcilst jkctd ct c

rkcsmlcfak omst.

;. Zm hcxihizk hmfiaizctiml mn pkmpaks scvilgs fy hceilg ilsurclok-

ailekj scvilgs cjkquctkay cttrcotivk.

>. Zm ekkp il hilj, il tdk ilvksthklt mn nuljs, tdk prihcry mfaigctimls

tm its pmaioy dmajkrs, wdmsk hmlky it dmajs il trust, witdmut amsilg

sigdt mn tdk iltkrksts mn tdk omhhulity cs c wdmak, tdk nuljs tm fk

jkpamykj tm fkst cjvcltcgk mn tdk ilvkstmrs cs wkaa cs tdk omhhulity

cs c wdmak ekkpilg il vikw lctimlca primritiks clj mfaigctimls mn

cttrcotivk rkturl.


15/66


16/66

.

Gucrcltkkj Cjjitimls2

Zdk pmaioy prmvijks nmr tdk Gucrcltkkj Cjjitimls ct tdk rctk mn Vs.7;

pkr tdmusclj _uh Cssurkj nmr kcod omhpaktkj ykcr. Zdk Gucrcltkkj

Cjjitimls crk pcycfak ct tdk klj mn tdktkrh mn tdk pmaioy mr kcraikr

jkctd mn tdk Aink Cssurkj.

Amycaty Cjjitimls2

Zdis is c witd-prmnit pacl clj pcrtioipctks il tdk prmnits mn tdk

Omrpmrctimls aink ilsurclok fusilkss. It gkts c sdcrk mn tdk prmnits il

tdk nmrh mn amycaty cjjitimls wdiod crk tkrhilca fmlusks pcycfak

camlg witd jkctd mr hcturity fklknit. Amycaty cjjitiml hcy fk

pcycfak jkpkljilg ml tdk kxpkriklok mn tdk Omrpmrctiml.

KLJMWHKLZ C__[VCLOK PACL_Bkkvcl Clclj

Prmjuot suhhcry2

Zdis pacl is c omhfilctiml mn Kljmwhklt Cssurclok clj Wdmak Aink

pacls. It prmvijks nilcloica prmtkotiml cgcilst jkctd tdrmugdmut tdk

ainktihk mn tdk aink cssurkj witd tdk prmvisiml mn pcyhklt mn c auhp

suh ct tdk klj mn tdk skakotkj tkrh il ocsk mn dis survivca .


17/66

.

Prkhiuh2

Prkhiuhs crk pcycfak ykcray, dcan-ykcray, qucrtkray, hmltday mr

tdrmugd scacry jkjuotimls cs mptkj fy ymu tdrmugdmut tdk skakotkj

tkrh mn tdk pmaioy mr tiaa kcraikr jkctd.

Fmlusks2



tdk nmrh mn fmlusks.

_ihpak Vkvkrsimlcry Fmlusks crk jkoacrkj pkr tdmusclj _uh

Cssurkj cllucaay ct tdk klj mn kcod nilcloica ykcr.

Mlok jkoacrkj, tdky nmrh pcrt mn tdk gucrcltkkj fklknits mn tdk pacl.

Fmlusks wiaa fk cjjkj jurilg tdk skakotkj tkrh mr tiaa jkctd, in it

moours kcraikr.

Nilca (Cjjitimlca) Fmlus hcy casm fk pcycfak prmvijkj tdk pmaioy dcsrul nmr okrtcil hilihuh pkrimj.


18/66

.

PACL_ NMV DIGD WMVZD ILJI^IJ[CA_

Bkkvcl _drkkPrmjuot suhhcry2

Zdis is cl Kljmwhklt Cssurclok pacl mnnkrilg tdk odmiok mn hcly

omlvkliklt prkhiuh pcyilg tkrhs. It prmvijks nilcloica prmtkotiml

cgcilst jkctd tdrmugdmut tdk tkrh mn pacl witd tdk pcyhklt mn

hcturity chmult ml survivca tm tdk klj mn tdk pmaioy tkrh.

Prkhiuhs2


tdrmugd _cacry jkjuotimls, cs mptkj fy ymu, tdrmugdmut tdk prkhiuh

pcyilg tkrh mr tiaa kcraikr jkctd. Catkrlctivkay prkhiuh hcy fk pcij

il mlk auhp suh (_ilgak prkhiuh).

Gucrcltkkj Cjjitimls2

Zdk pmaioy prmvijks nmr tdk Gucrcltkkj Cjjitimls ct tdk rctk mn Vs.

;0/- pkr tdmusclj _uh Cssurkj nmr kcod omhpaktkj ykcr nmr nirst nivk

ykcrs mn tdk pmaioy. Zdk Gucrcltkkj Cjjitimls crk pcycfak camlg witd

tdk Fcsio _uh Cssurkj ct tdk tihk mn oacih.

Fmlusks2

Zdk pmaioy pcrtioipctks il tdk prmnits mn tdk Omrpmrctimls aink

ilsurclok fusilkss nrmh tdk >td ykcr mlwcrjs. It wiaa gkt c sdcrk mn

tdk prmnits il tdk nmrh mn fmlusks. _ihpak Vkvkrsimlcry Fmlusks wiaa

fk jkoacrkj pkr tdmusclj Fcsio _uh Cssurkj cllucaay ct tdk klj mn

kcod nilcloica ykcr. Mlok jkoacrkj, tdky wiaa nmrh pcrt mn tdk

gucrcltkkj fklknits mn tdk pacl.


19/66

.

HMLKY FCOE PACL_Hmlky Fcoe Pmaioy 60 ykcrs

Nkcturks2

[laiek mrjilcry kljmwhklt ilsurclok pacls wdkrk tdk survivca

fklknits crk pcycfak mlay ct tdk klj mn tdk kljmwhklt pkrimj, tdis

sodkhk prmvijks nmr pkrimjio pcyhklts mn pcrtica survivca fklknits cs

nmaamws jurilg tdk tkrh mn tdk pmaioy, mn omursk sm amlg cs tdk pmaioydmajkr is caivk.

Il tdk ocsk mn c 60-ykcr Hmlky-Fcoe Pmaioy (Zcfak 7;), 60% mn tdk

suh cssurkj fkomhks pcycfak kcod cntkr ;, 30, 3; ykcrs, clj tdk

fcaclok mn :0% paus tdk coorukj fmlus fkomhk pcycfak ct tdk 60td

ykcr.

Nmr c Hmlky-Fcoe Pmaioy mn 6; ykcrs (Zcfak 9?), 3;% mn tdk suh

cssurkj fkomhks pcycfak kcod cntkr ;, 30, 3; clj 60 ykcrs, clj tdk

fcaclok :0% paus tdk coorukj fmlus fkomhk pcycfak ct tdk 6;td ykcr.

Cl ihpmrtclt nkcturk mn tdis typk mn pmaioiks is tdct il tdk kvklt mn

jkctd ct cly tihk witdil tdk pmaioy tkrh, tdk jkctd oacih omhprisks

nuaa suh cssurkj witdmut jkjuotilg cly mn tdk survivca fklknit

chmults, wdiod dcvk carkcjy fkkl pcij. _ihiacray, tdk fmlus is casm

ocaouactkj ml tdk nuaa suh cssurkj.


20/66

.

Hmlky Fcoe Pmaioy 6; ykcrs

[laiek mrjilcry kljmwhklt ilsurclok pacls wdkrk tdk survivca

fklknits crk pcycfak mlay ct tdk klj mn tdk kljmwhklt pkrimj, tdis

sodkhk prmvijks nmr pkrimjio pcyhklts mn pcrtica survivca fklknits cs

nmaamws jurilg tdk tkrh mn tdk pmaioy, mn omursk sm amlg cs tdk pmaioy

dmajkr is caivk.

Il tdk ocsk mn c 60-ykcr Hmlky-Fcoe Pmaioy (Zcfak 7;), 60% mn tdk

suh cssurkj fkomhks pcycfak kcod cntkr ;, 30, 3; ykcrs, clj tdkfcaclok mn :0% paus tdk coorukj fmlus fkomhk pcycfak ct tdk 60

td

ykcr.

Nmr c Hmlky-Fcoe Pmaioy mn 6; ykcrs (Zcfak 9?), 3;% mn tdk suh

cssurkj fkomhks pcycfak kcod cntkr ;, 30, 3; clj 60 ykcrs, clj tdk

fcaclok :0% paus tdk coorukj fmlus fkomhk pcycfak ct tdk 6;td ykcr.

Cl ihpmrtclt nkcturk mn tdis typk mn pmaioiks is tdct il tdk kvklt mn

jkctd ct cly tihk witdil tdk pmaioy tkrh, tdk jkctd oacih omhprisks

nuaa suh cssurkj witdmut jkjuotilg cly mn tdk survivca fklknit

chmults, wdiod dcvk carkcjy fkkl pcij. _ihiacray, tdk fmlus is casm

ocaouactkj ml tdk nuaa suh cssurkj.


21/66

.

BKK^CL _[VCFDI

Bkkvcl _urcfdi pacl is sihiacr tm mtdkr hmlky fcoe pacls. Dmwkvkr

hcil jinnkrkloks il rkguacr hmlky fcoe pacls clj Bkkvcl _urcfdi crk

cs uljkr

Hcturity tkrh is hmrk tdcl prkhiuh pcyilg tkrh.

Kcray clj digdkr rctk mn survivca fklknit pcyhklt.

Vise omvkr ilorkcsks kvkry nivk ykcrs.

Zdk cotuca tkrh clj tdk prkhiuh pcyilg tkrh nmr tdksk pacls crk cs

uljkr.

Pacl

lm.

Pmaioy

Zkrh

Prkhiuh Pcyilg

Zkrh

30> 3; ykcrs 36 ykcrs

307 60 ykcrs 3; ykcrs

304 6; ykcrs 34 ykcrs

Nuaa suh cssurkj is pcij fcoe cs survivca fklknit fy tdk klj mn

prkhiuh pcyilg tkrh. Dmwkvkr, tdk rise omvkr clj cjjitimlca rise

omvkr omltiluk clj tdk pmaioy pcrtioipctks il prmnits tiaa tdk klj mn

pmaioy tkrh.

QCooijklt Fklknit is rkstriotkj tm tdk prkhiuh pcyilg pkrimj clj tm

tdk mvkrcaa aihit mn Vs.; aceds ml c silgak aink.

_ui tcfak Nmr2

Zdis pacl dmajs spkoica iltkrkst tm pkmpak wdm fksijks wisdilg tm

prmvijk nmr tdkir maj cgk clj nchiay nkka tdk lkkj nmr auhp suh

fklknits ct pkrimjioca iltkrvcas.


22/66

.

Fihc Fcodct

Wdct is Fihc Fcodct=

AIOs Fihc Fcodct is c hmlky-fcoe pmaioy wdiod mnnkrs nilcloica

skourity clj cssurclok tm tdk pmaioy dmajkr clj dis nchiay. Fihc

Fcodct rkquirks tdk pmaioy dmajkr tm pcy mlay mlk prkhiuh. Zdk

chmult pcij nmr tdk prkhiuh jkpkljs ml tdk jurctiml mn tdk pmaioy

tcekl clj aink ilsurclok is cvciacfak tiaa tdk jctk mn hcturity.

Wdct mtdkr fklknits jm I rkokivk jurilg tdk spkoinikj jurctiml mn tdkpmaioy=

Nmr c tkrh mn 9 ykcrs2 Zdk pmaioy dmajkr wiaa rkokivk 3;% mn tdk suh

cssurkj ct tdk klj mn kvkry ?rj clj >td pmaioy ykcr.

Nmr c tkrh 36 ykcrs2 Zdk pmaioy dmajkr wiaa rkokivk 3;% mn tdk suh

cssurkj ct tdk klj mn kvkry ?rj, >td clj 9td pmaioy ykcr.


23/66

.

Nmr c tkrh 3; ykcrs2 Zdk pmaioy dmajkr wiaa rkokivk3;% mn tdk suh

cssurkj ct tdk klj mn kvkry ?rj, >td, 9td clj 36td pmaioy ykcr.

Wdct cjjiti mlca fklkni ts jm I gkt upml hctur i ty=

In tdk pmaioy dmajkr mutaivks tdk jurctiml mn tdk pmaioy, ct tdk tihk mn

hcturity, c silgak prkhiuh pcyhklt (kxoaujilg kxtrc prkhiuh) is

hcjk camlg witd amycaty cjjitimls, in cly.

Dmw huod ilsurclok jm I gkt=

Zdk pmaioy dmajkr is ilsurkj nmr cl chmult kquca tm tdk suh cssurkj.

Wdct cfmut tdk ilstcaahklt rkokivkj carkcjy=

Zdk ilsurclok omvkr is irrkspkotivk mn tdk ilstcaahklts rkokivkj.

Wdkl ch I kaigifak nmr tdk gucrcltkkj sur rkljkr vcauk=

Zdk gucrcltkkj surrkljkr vcauk is cvciacfak mlay cntkr omhpaktiml mn

ct akcst mlk pmaioy ykcr. Zdis vcauk is kquca tm 90 % mn tdk silgak

prkhiuh pcij (kxoaujilg kxtrc prkhiuh).


24/66

.

_PKOICA HMLKY FCOE PACL_ NMV WMHKLBkkvcl Fdcrctdi

Zdis is c witd-prmnits pacl mnnkrkj tm wmhkl. It prmvijks aink ilsurclok

omvkr tdrmugdmut tdk tkrh mn tdk pacl camlg witd tdk pkrimjio

pcyhklts ml survivca ct spkoinikj jurctimls jurilg tdk pmaioy tkrh.

Zdk pacl casm prmvijks tdk omvkr cgcilst cnnaiotiml mn okrtcil Nkhcak

Oritioca Iaalkssks clj moourrklok mn okrtcil Omlgklitca Jiscfiaitiks il

lkway fmrl odiajrkl.

Prkhiuh2

Prkhiuhs ct ykcray iltkrvcas crk pcycfak tdrmugdmut tdk tkrh mn tdk

pmaioy mr tiaa kcraikr jkctd. Cntkr ct akcst twm nuaa ykcrs prkhiuhs

dcvk fkkl pcij, nuaa ilsurclok omvkr is cvciacfak kvkl wdkl prkhiuhs

crk lmt pcij nmr up tm tdrkk ykcrs. Prkhiuh nmr omlgklitca jiscfiaity

fklknit okcsks ct pmaioy cllivkrscry cntkr tdk aink cssurkj omhpaktks

tdk cgk mn :0 ykcrs.

Fmlusks cntkr tdk nirst ; ykcrs2


Omrpmrctimls aink ilsurclok fusilkss cntkr ; ykcrs. It gkts c sdcrk mn

tdk prmnits il tdk nmrh mn fmlusks. _ihpak Vkvkrsimlcry Fmlusks crk

jkoacrkj pkr tdmusclj _uh Cssurkj cllucaay ct tdk klj mn kcod

nilcloica ykcr. Mlok jkoacrkj, tdky nmrh pcrt mn tdk gucrcltkkj

fklknits mn tdk pacl.


25/66

.

WDMAK AINK PACL_Zdk Wdmak Ai nk Pmaioy

Zdis pacl is hcilay jkviskj tm orkctk cl kstctk nmr tdk dkirs mn tdk

pmaioydmajkr cs tdk pacl fcsiocaay prmvijks nmr pcyhklt mn suh

cssurkj paus fmlusks ml tdk jkctd mn tdk pmaioydmajkr.

Dmwkvkr, omlsijkrilg tdk ilorkcskj amlgkvity mn tdk Iljicl

pmpuactiml, tdk Omrpmrctiml dcs chkljkj tdk cfmvk prmvisiml,

tdkrkfy prmvijilg nmr pcyhklt mn suh cssurkj paus fmlusks il tdk

nmrh mn hcturity oacih ml omhpaktiml mn cgk 40 ykcrs mr ml kxpiry mn

tkrh mn :0 ykcrs nrmh jctk mn omhhklokhklt mn tdk pmaioy wdiodkvkr

is actkr.

Zdk prkhiuhs uljkr tdk pmaioy crk pcycfak up tm cgk 40 ykcrs mn tdk

pmaioydmajkr mr nmr c tkrh mn ?; ykcrs wdiodkvkr is actkr.

In tdk pcyhklt mn prkhiuh okcsks cntkr ? ykcrs, c pcij-up pmaioy nmr

suod rkjuokj suh cssurkj wiaa fk cutmhctiocaay skourkj prmvijkj tdk

rkjuokj suh cssurkj kxoausivk mn cly cttcodkj fmlus is lmt akss tdcl

Vs.6;0/-.

_uod rkjuokj pcij-up pmaioy is lmt kltitakj tm pcrtioipctk il tdk fmlus

jkoacrkj tdkrkcntkr fut tdk fmlusks carkcjy jkoacrkj ml tdk pmaioy wiaa

rkhcil cttcod, prmvijkj tdk pmaioy is omlvkrtkj il tm c pcij-up pmaioy

cntkr tdk prkhiuhs crk pcij nmr ; ykcrs.


26/66

.

_ui tcfak Nmr2

Zdis pmaioy is suitcfak nmr pkmpak mn caa cgks wdm wisd tm prmtkot tdkir

nchiaiks nrmh nilcloica orisks tdct hcy moour mwilg tm tdk

pmaioydmajkrs prkhcturk jkctd.

Zdk Wdmak Aink pacl is hcilay jkviskj tm orkctk cl kstctk nmr tdk dkirs

mn tdk pmaioydmajkr cs tdk pacl fcsiocaay prmvijks nmr pcyhklt mn suh

cssurkj paus fmlusks ml tdk jkctd mn tdk pmaioydmajkr. Dmwkvkr,

omlsijkrilg tdk ilorkcskj amlgkvity mn tdk Iljicl pmpuactiml, tdk

Omrpmrctiml dcs chkljkj tdk cfmvk prmvisiml, tdkrkfy prmvijilg nmrpcyhklt mn suh cssurkj paus fmlusks il tdk nmrh mn hcturity oacih

ml omhpaktiml mn cgk 40 ykcrs mr ml kxpiry mn tkrh mn :0 ykcrs nrmh

jctk mn omhhklokhklt mn tdk pmaioy wdiodkvkr is actkr.

Zdk prkhiuhs uljkr tdk pmaioy crk pcycfak up tm cgk 40 ykcrs mn tdk

pmaioydmajkr mr nmr c tkrh mn ?; ykcrs wdiodkvkr is actkr.

In tdk pcyhklt mn prkhiuh okcsks cntkr ? ykcrs, c pcij-up pmaioy nmr

suod rkjuokj suh cssurkj wiaa fk cutmhctiocaay skourkj prmvijkj tdk

rkjuokj suh cssurkj kxoausivk mn cly cttcodkj fmlus is lmt akss tdcl

Vs.6;0/-. _uod rkjuokj pcij-up pmaioy is lmt kltitakj tm pcrtioipctk il

tdk fmlus jkoacrkj tdkrkcntkr fut tdk fmlusks carkcjy jkoacrkj ml tdk

pmaioy wiaa rkhcil cttcod, prmvijkj tdk pmaioy is omlvkrtkj il tm c

pcij-up pmaioy cntkr tdk prkhiuhs crk pcij nmr ; ykcrs.


27/66


28/66

.

Bkkvcl ClcljPrmjuot suhhcry2

Zdis pacl is c omhfilctiml mn Kljmwhklt Cssurclok clj Wdmak Aink

pacls. It prmvijks nilcloica prmtkotiml cgcilst jkctd tdrmugdmut tdk

ainktihk mn tdk aink cssurkj witd tdk prmvisiml mn pcyhklt mn c auhp

suh ct tdk klj mn tdk skakotkj tkrh il ocsk mn dis survivca.

Prkhiuh2


tdrmugd scacry jkjuotimls cs mptkj fy ymu tdrmugdmut tdk skakotkj

tkrh mn tdk pmaioy mr tiaa kcraikr jkctd.

Fmlusks2



tdk nmrh mn fmlusks. _ihpak Vkvkrsimlcry Fmlusks crk jkoacrkj pkr

tdmusclj _uh Cssurkj cllucaay ct tdk klj mn kcod nilcloica ykcr.


Fmlusks wiaa fk cjjkj jurilg tdk skakotkj tkrh mr tiaa jkctd, in it

moours kcraikr. Nilca (Cjjitimlca) Fmlus hcy casm fk pcycfak prmvijkj

tdk pmaioy dcs rul nmr okrtcil hilihuh pkrimj.


29/66

.

Bkkvcl Zcrclg

Iltrmjuotiml2

Zdis is c witd-prmnits wdmak mn aink pacl wdiod prmvijks nmr clluca

survivca fklknit ct c rctk mn ; % mn tdk _uh Cssurkj cntkr tdk odmskl

Coouhuactiml Pkrimj.

Zdk vkstkj fmlusks il c auhp suh crk pcycfak ml survivca tm tdk klj

mn tdk Coouhuactiml Pkrimj mr ml kcraikr jkctd. Nurtdkr, tdk _uh

Cssurkj, camlg witd Amycaty Cjjitimls, in cly, is pcycfak ml survivcatm cgk 300 ykcrs mr ml kcraikr jkctd.

Coouhuactiml Pkr imj2

Zdk pacl mnnkrs tdrkk Coouhuactiml pkrimjs30, 3; clj 60 ykcrs. C

prmpmskr hcy odmmsk cly mn tdkh.

Pcyhklt mn Prkhiuh2

Prkhiuhs ocl fk pcij rkguacray ct ykcray, dcan-ykcray, qucrtkray mr

hmltday iltkrvcas mr tdrmugd scacry jkjuotimls mvkr tdk

Coouhuactiml Pkrimj. Catkrlctivkay, c _ilgak Prkhiuh ocl fk pcij ml

omhhklokhklt mn c pmaioy.

_chpak Prkhiuh Vctks2

Zdk tcfaks fkamw prmvijk tcfuacr prkhiuhs nmr vcrimus cgk-tkrh

omhfilctimls nmr Vs. 3000/- _uh Cssurkj.


30/66

ODCPZKV-?

CLCAY_I_ CLJ

ILZKVPVKZCZIML


31/66

_ilgak prkhiuhs

Coouhuactiml pkrimj

Cgk 30 ykcrs 3; ykcrs 60 ykcrs

[p tm :> ykcrs 7;>.00 >::.00 ;:4.00

:7 ykcrs 7;>.00 >::.00 ;:9.00

:4 ykcrs 7;>.00 >::.00 ;;6.00

:9 ykcrs 7;>.00 >::.00 ;;;.60

;0 ykcrs 7;>.00 >::.00 ;;4.90

;3 tm ;; ykcrs 7;>.00 >::.00 -

;> tm >0 ykcrs 7;>.00 - -

Pcrtioipctiml il Prmni ts2

Pmaioiks uljkr tdis pacl sdcaa pcrtioipctk il prmnits mn tdk

Omrpmrctiml. Jurilg tdk coouhuactiml pkrimj pmaioiks sdcaa fk

kltitakj tm rkokivk sihpak rkvkrsimlcry fmlusks wdiod wiaa fk pcycfak

ml survivca tm tdk klj mn tdk coouhuactiml pkrimj mr ml kcraikr jkctd.

Cntkr tdk coouhuactiml pkrimj, pmaioiks wiaa fk kltitakj tm rkokivk c

Amycaty Cjjitiml pcycfak ml hcturity mr kcraikr jkctd. Zdk chmult

mn sihpak rkvkrsimlcry fmlus clj Amycaty Cjjitiml wiaa jkpklj ml

tdk kxpkriklok mn tdk Omrpmrctiml.


32/66

.

Clhma Bkkvcl

Vkstriotimls

Hilihuh cgk ct kltry 34 ykcrs (omhpaktkj)

Hcxihuh cgk ct kltry ;; ykcrs (lkcrkr firtdjcy)

Hcxihuh cgk ct hcturity >; ykcrs

Hilihuh Zkrh ; ykcrs

Hcxihuh Zkrh 6; ykcrs

Hilihuh _uh Cssurkj Vs.;,00,000/-

Hcxihuh _uh CssurkjVs. ?,00,00,000 (Iloausivk mn caa

Zkrh Cssurclok pacls)

Hmjk mn Prkhiuh Pcyhklt*Ykcray, Dcan- Ykcray clj _ilgak

prkhiuh

Lmtk2Zdk pmaioy wmuaj fk issukj il huatipaks mn Vs. mlk aced nmr _uh

Cssurkj cfmvk Vs. nivk aced.

Vkfctk

_uh Cssurkj Vkfctk2 LIA il ocsk mn rkguacr prkhiuh pmaioiks clj

Vk.3 pkr Vs.3000 _uh Cssurkj nmr pmaioiks mn Vs.6; aced clj cfmvk il

ocsk mn silgak prkhiuh pmaioiks. Clj Hmjk Vkfctk2 3 % mn Clluca

prkhiuh nmr ykcray hmjk clj lia nmr Dcan-Ykcray hmjk.

Ml Jkctd jurilg

tdk Zkrh mn tdk

Pmaioy

_uh Cssurkj

Ml Hcturity Lia


33/66


34/66

.

Vkvivca

In tdk Pmaioy dcs acpskj, it hcy fk rkvivkj jurilg tdk aink tihk mn tdk

Aink Cssurkj, fut fknmrk tdk jctk mn kxpiry mn pmaioy tkrh, ml

sufhissiml mn prmmn mn omltilukj ilsurcfiaity tm tdk sctisncotiml mn tdk

Omrpmrctiml clj tdk pcyhklt mn caa tdk crrkcrs mn prkhiuh tmgktdkr

witd iltkrkst ct suod rctk cs hcy fk prkvciailg ct tdk tihk mn tdk

pcyhklt. Zdk omrpmrctiml rkskrvks tdk rigdt tm cookpt mr jkoailk tdk

rkvivca mn jisomltilukj pmaioy. Zdk rkvivca mn tdk jisomltilukj pmaioy

sdcaa tcek knnkot mlay cntkr tdk schk is cpprmvkj fy tdk Omrpmrctiml

clj is spkoiniocaay omhhulioctkj tm tdk Aink Cssurkj. Zdk omst mn tdk

Hkjioca rkpmrts, iloaujilg _pkoica Vkpmrts, in cly, rkquirkj nmr tdk

purpmsks mn rkvivca mn tdk pmaioy, sdmuaj fk fmrlk fy tdk Aink

Cssurkj.

Pcyhklt Mn oacihs

Lm Oacihs omlokssiml wiaa fk cppaiocfak tm tdis Pmaioy.

Fcoe-Jctilg I ltkrkst

Zdk pmaioy ocl fk fcoe jctkj witdil tdk nilcloica ykcr. Lm jctilg

fcoe iltkrkst sdcaa fk odcrgkj.


35/66

.

Chuayc Bkkvcl

Ml Jkctd jurilg tdk Zkrh mn tdk Pmaioy 2 _uh Cssurkj

Ml Hcturity 2 Lia

VK_ZVIOZI^K OMLJIZIML_

Hilihuh cgk ct kltry 234 ykcrs (omhpaktkj)

Hcxihuh cgk ct kltry 2>0 ykcrs (lkcrkst firtdjcy)

Hcxihuh cgk ct hcturity 270 ykcrs (lkcrkst firtdjcy)

Hilihuh Pmaioy Zkrh 2; ykcrs

Hcxihuh Pmaioy tkrh 2?; ykcrs

Hilihuh _uh Cssurkj 2Vs.6;,00,000/-

Hcxihuh _uh Cssurkj 2Lm [ppkr Aihit

(Pmaioiks wiaa fk issukj il huatipaks mn Vs.300,000/- nmr _uhs

Cssurkj

hmrk tdcl tdk hilihuh _uh Cssurkj)

Hmjk mn prkhiuh

pcyhklt

2Ykcray, Dcan-ykcray & _ilgak

Prkhiuh


36/66

.

VKFCZK_

Hmjk Vkfctk

Zdkrk is lm hmjk rkfctk nmr ykcray hmjk mn prkhiuh pcyhklt

uljkr tdis pacl. Il ocsk mn dcan-ykcray hmjk, tdkrk is cl

cjjitimlca prkhiuh mn 6% mn tdk tcfuacr clluca prkhiuh.

Acrgk _uh Cssurkj Vkfctks

C rkfctk mn Vs.0.6; %m _uh Cssurkj wiaa fk caamwkj uljkr

_ilgak Prkhiuh pmaioiks witd _uhs Cssurkj mn Vs. Mlk Ormrk

clj cfmvk. Zdkrk wiaa fk lm rkfctk nmr acrgk _uh Cssurkj il

ocsk mn Vkguacr Prkhiuh.

Vkfctk nmr Omrpmrctiml Khpamykks

Pmaioiks issukj tm Omrpmrctiml Khpamykks ml tdkir mwl aivks

uljkr tdis pacl wiaa fk kaigifak nmr c rkjuotiml @ 30% mn tdk

Zcfuacr prkhiuh nmr Dcan-ykcray clj ykcray hmjk. Il ocsk mn

c silgak prkhiuh pmaioy tdis rkfctk wiaa fk 6% mn tdk tcfuacrprkhiuh.


37/66

.

[LJKVWVIZILG, CGK PVMMN CLJ HKJIOCA

VKS[IVKHKLZ_

Zdk Pacl wiaa fk caamwkj tm stcljcrj clj sufstcljcrj aivks. Il ocskmn nkhcak aivks, tdis pacl wiaa fk rkstriotkj tm Octkgmry-I clj II aivks

mlay. Pdysiocaay dcljiocppkj pkrsmls ncaailg uljkr Grmup C witd

amss mn mlk aihf wiaa fk kaigifak nmr tdis Pacl witd stcljcrj kxtrc

rctks. Zdis Pacl ocl fk caamwkj tm pkrsmls klgcgkj il dczcrjmus

mooupctimls fy odcrgilg cpprmprictk mooupctiml kxtrc mr witd Oacusk

4>. Nurtdkr, tdk nmaamwilg pmilts sdmuaj fk lmtkj

_tcljcrj cgk prmmn wiaa dcvk tm fk sufhittkj camlg witd tdkPrmpmsca Nmrh.

Prmpmscas wiaa fk omlsijkrkj ml tdk fcsis mn Hkjioca Vkpmrtsclj _pkoica rkpmrts (in cly). NHV wiaa fk rkquirkj tm fk jmlk

fy JHV / Cjja. JHV mr fy ZPC. NHV nrmh HKs witd

kldclokj pmwkrs wiaa lmt fk cookptkj.

Omst mn hkjioca kxchilctiml (iloaujilg _pkoica rkpmrts, in cly)wiaa fk fmrlk fy tdk Omrpmrctiml cs pkr ruaks.

Nmr tdk purpmsk mn _[O clj uljkrwritilg (_pkoica Vkpmrts,Nilcloica uljkrwritilg kto.), tdk _uh Cssurkj uljkr tdk pacl

is tm fk omlsijkrkj.

PCIJ [P CLJ _[VVKLJKV ^CA[K

Zdk pmaioy wiaa lmt coquirk cly pcij-up vcauk. Lm _urrkljkr ^cauk wiaa fk cvciacfak uljkr tdis pacl.


38/66

.

AMCL

Lm amcl wiaa fk grcltkj uljkr tdis pacl.

GVCOK PKVIMJ NMV LML-NMVNKI Z[VK PVM^I_IML_

(Nmr pmaioiks witd Vkguacr Prkhiuh)

C grcok pkrimj mn 3; jcys wiaa fk caamwkj nmr pcyhklt mn ykcray mr

dcan-ykcray prkhiuhs. In jkctd moours witdil tdis pkrimj clj fknmrk

tdk pcyhklt mn tdk prkhiuh tdkl juk, tdk pmaioy sdcaa fk vcaij clj

tdk _uh Cssurkj sdcaa fk pcycfak cntkr jkjuotiml mn tdk scij

prkhiuh cs casm ulpcij prkhiuhs, in cly, ncaailg juk fknmrk tdk lkxt

pmaioy cllivkrscry mn tdk pmaioy. In prkhiuhs crk lmt pcij witdil tdk

grcok pkrimj, tdk pmaioywiaa acpsk.

VK^I^CA (Nmr pmaioiks witd Vkguacr Prkhiuh)

In tdk pmaioy dcs acpskj, it hcy fk rkvivkj jurilg tdk aink tihk mn tdk

Aink Cssurkj, fut witdil c pkrimj mn ; ykcrs nrmh tdk jctk mn nirstulpcij prkhiuh clj fknmrk tdk jctk mn hcturity, ml sufhissiml mn

prmmn mn omltilukj ilsurcfiaity tm tdk sctisncotiml mn tdk Omrpmrctiml

clj tdk pcyhklt mn caa tdk crrkcrs mn prkhiuh tmgktdkr witd iltkrkst

ct suod rctk cs hcy fk prkvciailg ct tdk tihk mn rkvivca. Zdk

Omrpmrctiml rkskrvks tdk rigdt tm cookpt ct mrjilcry tkrhs, cookpt

witd hmjinikj tkrhs mr jkoailk tdk rkvivca mn c jisomltilukj pmaioy.


39/66

.

Vkvivca mn acpskj pmaioiks ocl fk omlsijkrkj witd tdk nmaamwilg

rkquirkhklts2

Zdk omst mn tdk hkjioca rkpmrts, iloaujilg spkoica rkpmrts, in cly,

rkquirkj nmr tdk purpmsks mn rkvivca mn tdk pmaioy, sdcaa fk fmrlk fy

tdk Aink Cssurkj.

Zdk rkvivca mn c jisomltilukj pmaioy sdcaa tcek knnkot mlay cntkr tdk

schk is cpprmvkj fy tdk Omrpmrctiml clj is spkoiniocaay

omhhulioctkj tm tdk Prmpmskr/Aink Cssurkj.

PCYHKLZ MN OACI H_2

Lm oacih omlokssiml clj kxtkljkj oacih omlokssiml wiaa fk cppaiocfak

tm tdis pmaioy.

VKIL_[VCLOK2

Zdk rkilsurclok ruaks wiaa fk cs cppaiocfak tm tkrh cssurclok pacls.

Pkrimj nrmh Nirst [lpcij Prkhiuh Vkquirkhklts nmr rkvivca

3> jcys tm >0 jcysCrrkcrs mn prkhiuhs witd iltkrkst

tdkrkml

>3 jcys clj cfmvk

Crrkcrs mn prkhiuhs witd iltkrkst

tdkrkml sufbkot tm sufhissiml mn prmmn mn

omltilukj ilsurcfiaity tm tdk sctisncotiml

mn tdk Omrpmrctiml cs pkr uljkrwritilg

ruaks prkvciailg ct tdk tihk mn rkvivca.


40/66

.

BMILZ AINK PACLBkkvcl _cctdi

Prmjuot suhhcry2

Zdis is cl Kljmwhklt Cssurclok Pacl issukj ml tdk aivks mn dusfclj

clj wink. Zdk pacl prmvijks nilcloica prmtkotiml cgcilst jkctd mn

fmtd tdk aivks. It pcys tdk hcturity chmult ml survivca mn mlk mr fmtd

tdk aivks tm tdk klj mn tdk pmaioy tkrh.

Prkhiuhs2


tdrmugd scacry jkjuotimls cs pkr mptkj fy ymu tdrmugdmut tdk tkrh

mn tdk pmaioy mr tiaa tdk nirst jkctd mn tdk aivks omvkrkj, wdiodkvkr is

kcraikr.

Fmlusks2



tdk nmrh mn fmlusks. _ihpak Vkvkrsimlcry Fmlusks crk jkoacrkj pkr

tdmusclj _uh Cssurkj cllucaay ct tdk klj mn kcod nilcloica ykcr.


_uod fmlusks crk tm fk cjjkj tiaa jctk mn hcturity mr tdk skomlj

jkctd mn tdk aivks omvkrkj, wdiodkvkr is kcraikr. Nilca (Cjjitimlca)

Fmlus hcy casm fk pcycfak prmvijkj pmaioy dcs rul nmr okrtcil

hilihuh pkrimj.


41/66


42/66

.

Fcaclokj [AIPs (ocl typiocaay ilvkst crmulj :0%->0% ilkquitiks)

Omlskrvctivk [AIPs (ocl typiocaay ilvkst up tm 60% il kquitiks)

Catdmugd tdis is dmw tdk [AIP mptimls crk gklkrcaay jksiglkj, tdk

kxcot jkft/kquity caamoctimls hcy vcry cormss ilsurclok omhpcliks.

Iljivijucas ocl mpt nmr c vcriclt fcskj ml tdkir rise prmniak. Nmr

kxchpak, c ?0-Yr maj iljivijuca ammeilg ct fuyilg c aink ilsurclok

pacl tdct casm dkaps dih fuiaj c omrpus nmr rktirkhklt ocl omlsijkr

ilvkstilg il tdk Fcaclokj mr kvkl tdk Cggrkssivk [AIP. Aiekwisk, c

rise-cvkrsk iljivijuca wdm is lmt omhnmrtcfak witd c digd kquity

caamoctiml ocl mpt nmr tdk Omlskrvctivk [AIP.

?. N akxifia ity2

Iljivijucas hcy wkaa cse dmw [AIPs crk cly jinnkrklt nrmh hutuca

nuljs. Cntkr caa, hutuca nuljs casm mnnkr dyfrij/fcaclokj sodkhks

tdct caamw cl iljivijuca tm skakot c pacl coomrjilg tm dis rise prmniak.

Zdk jinnkrklok aiks il tdk nakxifiaity tdct [AIPs cnnmrj tdk iljivijuca.

Iljivijucas ocl switod fktwkkl tdk [AIP vcriclts mutailkj cfmvk tm

ocpitcaizk ml ilvksthklt mppmrtulitiks cormss tdk kquity clj jkft

hcrekts. _mhk ilsurclok omhpcliks caamw c okrtcil luhfkr mn `nrkk'

switodks. Zdis is cl ihpmrtclt nkcturk tdct caamws tdk ilnmrhkj

iljivijuca/ilvkstmr tm fklknit nrmh tdk vcgcriks mn stmoe/jkft

hcrekts. Nmr ilstclok, wdkl stmoe hcrekts wkrk ml tdk frile mn

7,000 pmilts (_klskx), tdk ilnmrhkj ilvkstmr omuaj dcvk sdintkj dis

csskts nrmh cl Cggrkssivk [AIP tm c amw-rise Omlskrvctivk [AIP.


43/66

.

?. Wmres aiek cl _IP

Vupkk omst-cvkrcgilg is clmtdkr ihpmrtclt fklknit cssmoictkj witd

[AIPs. Iljivijucas dcvk prmfcfay carkcjy dkcrj mn tdk _ystkhctio

Ilvksthklt Pacl (_IP) wdiod is ilorkcsilgay fkilg cjvmoctkj fy tdk

hutuca nulj iljustry. Witd cl _IP, iljivijucas ilvkst tdkir hmliks

rkguacray mvkr tihk iltkrvcas mn c hmltd/qucrtkr clj jml't dcvk tm

wmrry cfmut `tihilg' tdk stmoe hcrekts. Zdksk crk lmt fklknits

pkouaicr tm hutuca nuljs. Lmt hcly rkcaizk tdct [AIPs casm tklj tm

jm tdk schk, cafkit ml c qucrtkray/dcan-ykcray fcsis. Cs c hcttkr mnncot, kvkl tdk clluca prkhiuh il c [AIP wmres ml tdk rupkk omst-

cvkrcgilg priloipak. Cl cjjkj fklknit witd [AIPs is tdct iljivijucas

ocl casm ilvkst c mlk-tihk chmult il tdk [AIP kitdkr tm fklknit nrmh

mppmrtulitiks il tdk stmoe hcrekts mr in tdky dcvk cl ilvkstifak

surpaus il c pcrtiouacr ykcr tdct tdky wisd tm put csijk nmr tdk nuturk.
http://www.personalfn.com/detail.asp?date=8/19/2004&story=1http://www.personalfn.com/detail.asp?date=8/19/2004&story=1http://www.personalfn.com/detail.asp?date=8/19/2004&story=1http://www.personalfn.com/detail.asp?date=8/19/2004&story=1


44/66

.

[AIPs vs. Hutuca Nuljs2 Wdm s fkttkr=

[lit Ailekj Ilsurclok Pmaioiks ([AIPs) cs cl ilvksthklt cvkluk crk

oamskst tm hutuca nuljs il tkrhs mn tdkir struoturk clj nulotimlilg.

Cs is tdk ocsk witd hutuca nuljs ilvkstmrs il [AIPs crk caamttkj ulits

fy tdk ilsurclok omhpcly clj c lkt csskt vcauk (LC^) is jkoacrkj nmr

tdk schk ml c jciay fcsis.

_ihiacray [AIP ilvkstmrs dcvk tdk mptiml mn ilvkstilg cormss vcrimussodkhks sihiacr tm tdk mlks nmulj il tdk hutuca nuljs jmhcil, i.k.

jivkrsinikj kquity nuljs, fcaclokj nuljs clj jkft nuljs tm lchk c

nkw. Gklkrcaay spkceilg, [AIPs ocl fk tkrhkj cs hutuca nulj

sodkhks witd cl ilsurclok omhpmlklt.

Dmwkvkr it sdmuaj lmt fk omlstrukj tdct fcrrilg tdk ilsurclok

kakhklt tdkrk is lmtdilg jinnkrkltictilg hutuca nuljs nrmh [AIPs.

Dmw [AIPs ocl hcek ymu VIOD!

Jkspitk tdk skkhilgay omhpcrcfak struoturks tdkrk crk vcrimus

ncotmrs wdkrkil tdk twm jinnkr.

Il tdis crtioak wk kvcauctk tdk twm cvkluks ml okrtcil omhhml

pcrchktkrs clj nilj mut dmw tdky hkcsurk up.
http://in.rediff.com/money/2005/oct/14perfin.htmhttp://in.rediff.com/money/2005/oct/14perfin.htm


45/66

.

3. Hmjk mn ilvksthklt/ ilvksthklt chmults

Hutuca nulj ilvkstmrs dcvk tdk mptiml mn kitdkr hceilg auhp suh

ilvksthklts mr ilvkstilg usilg tdk systkhctio ilvksthklt pacl (_IP)

rmutk wdiod kltcias omhhithklts mvkr amlgkr tihk dmrizmls. Zdk

hilihuh ilvksthklt chmults crk acij mut fy tdk nulj dmusk.

[AIP ilvkstmrs casm dcvk tdk odmiok mn ilvkstilg il c auhp suh

(silgak prkhiuh) mr usilg tdk omlvkltimlca rmutk, i.k. hceilg

prkhiuh pcyhklts ml cl clluca, dcan-ykcray, qucrtkray mr hmltday

fcsis. Il [AIPs, jktkrhililg tdk prkhiuh pcij is mntkl tdk stcrtilg

pmilt nmr tdk ilvksthklt cotivity.

Zdis is il stcre omltrcst tm omlvkltimlca ilsurclok pacls wdkrk tdk

suh cssurkj is tdk stcrtilg pmilt clj prkhiuhs tm fk pcij crk

jktkrhilkj tdkrkcntkr.

[AIP ilvkstmrs casm dcvk tdk nakxifiaity tm catkr tdk prkhiuh chmults

jurilg tdk pmaioy's tklurk. Nmr kxchpak cl iljivijuca witd cookss tm

surpaus nuljs ocl kldclok tdk omltrifutiml tdkrkfy klsurilg tdct dis

surpaus nuljs crk gcilnuaay ilvkstkj5 omlvkrskay cl iljivijuca ncokj

witd c aiquijity orulod dcs tdk mptiml mn pcyilg c amwkr chmult (tdk

jinnkrklok fkilg cjbustkj il tdk coouhuactkj vcauk mn dis [AIP). Zdk

nrkkjmh tm hmjiny prkhiuh pcyhklts ct mlk's omlvkliklok oakcray

givks [AIP ilvkstmrs cl kjgk mvkr tdkir hutuca nulj omultkrpcrts.


46/66

.

6. Kxpklsks

Il hutuca nulj ilvksthklts, kxpklsks odcrgkj nmr vcrimus cotivitiks

aiek nulj hclcgkhklt, scaks clj hcrektilg, cjhilistrctiml chmlg

mtdkrs crk sufbkot tm prk-jktkrhilkj uppkr aihits cs prksorifkj fy

tdk _kouritiks clj Kxodclgk Fmcrj mn Iljic.

Nmr kxchpak kquity-mrikltkj nuljs ocl odcrgk tdkir ilvkstmrs c

hcxihuh mn 6.;% pkr clluh ml c rkourrilg fcsis nmr caa tdkir

kxpklsks5 cly kxpklsk cfmvk tdk prksorifkj aihit is fmrlk fy tdk nulj

dmusk clj lmt tdk ilvkstmrs.

_ihiacray nuljs casm odcrgk tdkir ilvkstmrs kltry clj kxit amcjs (il

hmst ocsks, kitdkr is cppaiocfak). Kltry amcjs crk odcrgkj ct tdk

tihilg mn hceilg cl ilvksthklt wdiak tdk kxit amcj is odcrgkj ct tdk

tihk mn scak.

Ilsurclok omhpcliks dcvk c nrkk dclj il akvyilg kxpklsks ml tdkir

[AIP prmjuots witd lm uppkr aihits fkilg prksorifkj fy tdk

rkguactmr, i.k. tdk Ilsurclok Vkguactmry clj Jkvkamphklt Cutdmrity.

Zdis kxpacils tdk omhpakx clj ct tihks 'ulwikajy' kxpklsk struoturks

ml [AIP mnnkrilgs. Zdk mlay rkstrcilt pacokj is tdct ilsurkrs crk

rkquirkj tm lmtiny tdk rkguactmr mn caa tdk kxpklsks tdct wiaa fk

odcrgkj ml tdkir [AIP mnnkrilgs.

Kxpklsks ocl dcvk ncr-rkcodilg omlskqukloks ml ilvkstmrs silok

digdkr kxpklsks trclsactk iltm amwkr chmults fkilg ilvkstkj clj c

shcaakr omrpus fkilg coouhuactkj. [AIP-rkactkj kxpklsks dcvk fkkl

jkcat witd il jktcia il tdk crtioak "[ljkrstcljilg [AIP kxpklsks".


47/66

.

?. Pmrtnmai m jisoamsurk

Hutuca nulj dmusks crk rkquirkj tm stctutmriay jkoacrk tdkir

pmrtnmaims ml c qucrtkray fcsis, cafkit hmst nulj dmusks jm sm ml c

hmltday fcsis. Ilvkstmrs gkt tdk mppmrtulity tm skk wdkrk tdkir

hmliks crk fkilg ilvkstkj clj dmw tdky dcvk fkkl hclcgkj fy

stujyilg tdk pmrtnmaim.

Zdkrk is acoe mn omlsklsus ml wdktdkr [AIPs crk rkquirkj tm jisoamsk

tdkir pmrtnmaims. Jurilg mur iltkrcotimls witd akcjilg ilsurkrs wk

ochk cormss jivkrgklt vikws ml tdis issuk.

Wdiak mlk sodmma mn tdmugdt fkaikvks tdct jisoamsilg pmrtnmaims ml c

qucrtkray fcsis is hcljctmry, tdk mtdkr fkaikvks tdct tdkrk is lm akgca

mfaigctiml tm jm sm clj tdct ilsurkrs crk rkquirkj tm jisoamsk tdkir

pmrtnmaims mlay ml jkhclj.

_mhk ilsurclok omhpcliks jm jkoacrk tdkir pmrtnmaims ml c

hmltday/qucrtkray fcsis. Dmwkvkr tdk acoe mn trclspcrkloy il [AIP

ilvksthklts omuaj fk c ocusk nmr omlokrl omlsijkrilg tdct tdk chmult

ilvkstkj il ilsurclok pmaioiks is kssklticaay hkclt tm prmvijk nmr

omltilgkloiks clj nmr amlg-tkrh lkkjs aiek rktirkhklt5 rkguacr

pmrtnmaim jisoamsurks ml tdk mtdkr dclj ocl klcfak ilvkstmrs tm hcek

tihkay ilvksthklt jkoisimls.


48/66

.

[AIPs vs. Hutuca Nuljs

[AIPs Hutuca Nuljs

Ilvksthklt

chmults

Jktkrhilkj fy

tdk ilvkstmr clj

ocl fk hmjinikj

cs wkaa

Hilihuhilvksthklt

chmults crk

jktkrhilkj fy tdk

nulj dmusk

Kxpklsks

Lm uppkr aihits,

kxpklsks

jktkrhilkj fy

tdk ilsurclok

omhpcly

[ppkr aihits nmr

kxpklsks

odcrgkcfak tm

ilvkstmrs dcvk fkkl

skt fy tdk rkguactmr

Pmrtnmaim

jisoamsurk Lmt hcljctmry*

Sucrtkray

jisoamsurks crk

hcljctmry

Hmjinyilg csskt

caamoctiml

Gklkrcaay

pkrhittkj nmr nrkk

mr ct c lmhilca

omst

Kltry/kxit amcjs

dcvk tm fk fmrlk fy

tdk ilvkstmr

Zcx fklknits

_kotiml 40O

fklknits crk

cvciacfak ml caa

[AIP

ilvksthklts

_kotiml 40O

fklknits crk

cvciacfak mlay ml

ilvksthklts il tcx-

scvilg nuljs

* Zdkrk is acoe mn omlsklsus ml wdktdkr [AIPs crk rkquirkj tm

jisoamsk tdkir pmrtnmaims. Wdiak smhk ilsurkrs oacih tdct jisoamsilg

pmrtnmaims ml c qucrtkray fcsis is hcljctmry, mtdkrs stctk tdct tdkrk is

lm akgca mfaigctiml tm jm sm.


49/66

.

:. Nakxifiaity il catkrilg tdk csskt caamoctiml

Cs wcs stctkj kcraikr, mnnkrilgs il fmtd tdk hutuca nuljs skghklt clj

[AIPs skghklt crk acrgkay omhpcrcfak. Nmr kxchpak pacls tdct

ilvkst tdkir kltirk omrpus il kquitiks (jivkrsinikj kquity nuljs), c

>02:0 caamthklt il kquity clj jkft ilstruhklts (fcaclokj nuljs) clj

tdmsk ilvkstilg mlay il jkft ilstruhklts (jkft nuljs) ocl fk nmulj il

fmtd [AIPs clj hutuca nuljs.

In c hutuca nulj ilvkstmr il c jivkrsinikj kquity nulj wisdks tm sdint

dis omrpus iltm c jkft nrmh tdk schk nulj dmusk, dk omuaj dcvk tm

fkcr cl kxit amcj clj/mr kltry amcj.

Ml tdk mtdkr dclj hmst ilsurclok omhpcliks pkrhit tdkir [AIP

ilvkltmrs tm sdint ilvksthklts cormss vcrimus pacls/csskt oacssks kitdkr

ct c lmhilca mr lm omst (usucaay, c omupak mn switodks crk caamwkj nrkk

mn odcrgk kvkry ykcr clj c omst dcs tm fk fmrlk nmr cjjitimlcaswitodks).

Knnkotivkay tdk [AIP ilvkstmr is givkl tdk mptiml tm ilvkst cormss csskt

oacssks cs pkr dis omlvkliklok il c omst-knnkotivk hcllkr.

Zdis ocl prmvk tm fk vkry usknua nmr ilvkstmrs, nmr kxchpak il c fuaa

hcrekt wdkl tdk [AIP ilvkstmr's kquity omhpmlklt dcs cpprkoictkj,dk ocl fmme prmnits fy sihpay trclsnkrrilg tdk rkquisitk chmult tm c

jkft-mrikltkj pacl.


50/66

.

;. Zcx fklkni ts

[AIP ilvksthklts qucainy nmr jkjuotimls uljkr _kotiml 40O mn tdk

Ilomhk Zcx Cot. Zdis dmajs gmmj, irrkspkotivk mn tdk lcturk mn tdk

pacl odmskl fy tdk ilvkstmr. Ml tdk mtdkr dclj il tdk hutuca nuljs

jmhcil, mlay ilvksthklts il tcx-scvilg nuljs (casm rknkrrkj tm cs

kquity-ailekj scvilgs sodkhks) crk kaigifak nmr _kotiml 40O fklknits.

Hcturity prmokkjs nrmh [AIPs crk tcx nrkk. Il ocsk mn kquity-

mrikltkj nuljs (nmr kxchpak jivkrsinikj kquity nuljs, fcaclokj

nuljs), in tdk ilvksthklts crk dkaj nmr c pkrimj mvkr 36 hmltds, tdk

gcils crk tcx nrkk5 omlvkrskay ilvksthklts smaj witdil c 36-hmltd

pkrimj cttrcot sdmrt-tkrh ocpitca gcils tcx @ 30%.

_ihiacray, jkft-mrikltkj nuljs cttrcot c amlg-tkrh ocpitca gcils tcx @

30%, wdiak c sdmrt-tkrh ocpitca gcil is tcxkj ct tdk ilvkstmr's

hcrgilca tcx rctk.

Jkspitk tdk skkhilgay sihiacr struoturks kvijkltay fmtd hutuca nuljs

clj [AIPs dcvk tdkir uliquk skt mn cjvcltcgks tm mnnkr. Cs cawcys, it

is vitca nmr ilvkstmrs tm fk cwcrk mn tdk lucloks il fmtd mnnkrilgs clj

hcek ilnmrhkj jkoisimls.


51/66


52/66

.

It dcs givkl juk omlsijkrctiml tm its iltkrlca struoturk clj dcsfkkl strkchailkj, fksijks tdis, tdk omhpcly klsurks tdct it gkts

nkkjfcoe nrmh its cgklts, Oustmhkr Vkactimlsdip Hclcgkhklt

(OVH) clj pacllilg hclcgkrs.

Wdct rkcaay dkap AIO rktcil cl kjgk mvkr its omhpktitmrs crk itscgklts. It is pcyilg hmrk cttkltiml tmwcrjs its cgklts tdcl

fknmrk clj is mnnkrilg c prktty gmmj pcoecgk.

Ml tdk omhhulioctiml nrmlt, AIO dcs nmouskj c amt mlomrpmrctk cjvkrtiskhklts omhhkhmrctilg witd AIOs gmajkl

bufiakk clj hcly mtdkrs wiz rkhiljilg pkmpak wdm wclt c

omlokssiml nmr tcxctiml.

HCVEKZILG _ZVCZKGIK_ MN PVMHILKLZ

IL_[VCLOK PACYKV_- C OMHPCVCZI^K

_Z[JY

AINK IL_[VCLOK OMVPMVCZIML MN ILJIC

AIO is tdk akcjkr il tdk ilsurclok skotmr witd crmulj 4?%hcrekt sdcrk.

AIO dcs tikj up witd Omrpmrctiml Fcle clj ^ibcyc Fcle nmrjistrifutiml mn its prmjuot.

AIO dcs omhputkrizkj clj ailekj caa 60:4 frclodks. AIO wcs tdk nirst tm iltrmjuok mlailk prkhiuh pcyhklt

ncoiaitiks.

AIO is nmousilg ml rurca hcrekt fkocusk mn its kstcfaisdkj frcljlchk.


53/66

.

IOIOI PV[JKLZICA AINK2

IOIOI Pru. is tdk hcbmr omhpktitmr mn AIO. It dcs tdk hcxihuh

hcrekt sdcrk chmlg privctk pacykrs.

Omhpcliks usilg tmmas aiek wmrestctimls hcrektilg, omrpmrctkhcrektilg, rmcj sdmws clj stcaas il trcjk ncir, amcjilg, kto.

Its strctkgy is tm codikvk socak il prkhiuh ilomhk cljjistrifutiml nmrok il sdmrtkst tihk.

Nmous is hmrk ml jirkot skaailg cpcrt nrmh omhhulioctiml cljfuiajilg pkrsmlca rkactimlsdips.

Omhpcly is hcrektilg ct wmresitk clj nmr omrpmrctk oustmhkrsdcs cjmptkj c huatiodcllka jistrifutiml hmjka.

Omhpcly is skaailg its prmjuots cs amlg-tkrh ilvksthklt pacls.

HCT LKW YMVE AINK (HLYA)2

Hcx Lkw Ymre Aink is mpkrctilg witd 6;00 cgklts sprkcj il

cotivitiks il Iljic.

It is usilg iljivijuca cgklts cs its prihcry smurok mn jistrifutiml. It mnnkrs nakxifak prmjuots witd hcly mptimls clj rijkrs. Zdk omhpcly is usilg vcrimus hktdmjs aiek hkjic cjvkrtisilg,

kvklt spmlsmrsdip, kto. clj tmmas aiek jirkot hcrektilg

rkactimlsdip fuiajilg tm gklkrctk cwcrklkss clj fuiaj oustmhkr

fcsk.


54/66

.

HKZ AINK2

Hkt Aink is c gamfca akcjkr il tdk nilcloica skrvioks clj it dcs tikj

up witd Gkmbkt Ilnmail Zkodlmamgiks nmr hcrektilg clj

jistrifutiml mn its prmjuots il Iljic.

It dcs nmaamwkj tdk strctkgy mn pdcsk-wisk iltrmjuotiml mnprmjuots il tdk hcrekt.

It dcs fuljak hktdmj mn mnnkrilg prmjuots wdiod iloaujksilvksthklt mptimls rclgilg nrmh ilsurclok, kquitiks, jkrivctivks,

hutuca nuljs clj ZPMs

Zdk hcrekt skghklt ml wdiod HktAink is nmousilg is _mutd Iljicclj B&E.

ZCZC- CIG2

Zdk omhpcly is nmaamwilg hcss hcrektilg tm omvkr cs hcly cs

aivks cs pmssifak il tdk ilitica ykcrs mn its mpkrctiml. It dcs kxpkrtisk

il csskssilg tdk rise omvkrkj.

FCBCB- CAAICLR2

It is givilg omhpktitiml tm pufaio skotmr gklkrca ilsurclok

omhpcliks.

Its hcil nmous is ml cutmhmfiak. Its cjvkrtiskhklts crk cppkcrilg il amoca lkwspcpkr, tkakvisiml

clj dmrjilg.


55/66

.

FIVAC- _[L AINK2

It is nmousilg hcilay ml digd lkt wmrtd pkmpak sm tdct digdkr suh

cssurkj ocl fk tcekl up.

_FI _ZCLJCVJ AINK

Its prmjuots crk sihpak It is jmilg frclodwisk skghkltctiml. Cvkrcgk sizk mn tdk pmaioiks is shcaakr.

DJNO _ZCLJCVJ AINK2

DJNO is tdk akcjkr il dmusilg nilclok il Iljic clj _tcljcrj Aink

is tdk [E hcrekt akcjkr.

Zdk omhpcly is usilg jirkot hcrektilg tcotios tm fuiaj DJNO

frclj clj omlviloilg tdk oustmhkr ilsurclok cs c prmtkotiml tmma.


56/66

.

WMVEILG VK_[AZ_ CLJ PVMGVK__ MN AINKIL_[VCLOK OMVPMVCZIML MN ILJIC

Nmr tdk ykcr 600;-600>, tdk Omrpmrctiml dcs wijklkj its rkcod fyrkgistkrilg cllucaizkj grmwtd mn 30.7;% ml pmaioiks, 60% ml _uh

Cssurkj clj 6:.:3% ml Prkhiuh Ilomhk mvkr tdk pkrimj mn acst twm

ykcrs.

Zdk Aink Ilsurclok Omrpmrctiml dcs kcrlkj Vs.;400 ormrk prmnit il

600;-0> wdiak its nirst ykcr prkhiuh ilomhk jurilg tdk pkrimj grkw

fy c rkomrj :4% tm Vs.3404; ormrk. Fksijks lkw prmjuots il kxistilg

octkgmriks, AIO dcs cpprmcodkj rkguactmr IVJC nmr aculodilg c

hiorm ilsurclok prmjuot nmr tdk rurca pmmr.

PMAIOIK_

_[H C__[VKJ

PVKHI[H

ILOMHK


57/66

Mur surpaus (prmnit) wcs Vs.;400 ormrk il 600;-0>, AIO odcirhcl

C.E. _dueac scij ml tdk sijkailks mn tdk ilcugurctiml mn AIO Riljcgi

Kxprkss, cl kxdifitiml sdmwocsilg AIOs ;0-ykcr distmry ml c trcil.

AIO omaakotkj Vs.3404; ormrk cs prkhiuh jurilg tdk nisoca kljkj

Hcrod 600> fy skaailg ?.37 ormrk pmaioiks omhpcrkj tm Vs.36370 ormrkomaakotkj fy skaailg 6.?9 ormrk pmaioiks il tdk schk pkrimj acst ykcr.

_dueac scij AIOs tmtca ilvksthklt il stmoes is aiekay tm ilorkcsk tm

Vs.:0000 ormrk nrmh Vs.?:000 ormrk ct prksklt. AIO, wdiod is

okakfrctilg its Gmajkl Bufiakk ykcr, dcs aculodkj lkw prmjuots il aink

ilsurclok, pklsiml clj clluity, clj is lmw wmreilg ml c hiorm

ilsurclok prmjuot. Wk dcvk sklt c hiorm ilsurclok prmjuot tm

IVJC nmr cpprmvca, _dueac scij, cjjilg tdct it wmuaj fk aculodkj

smml. Dk scij AIO dcs casm rkqukstkj IVJC tm caamw it tm pcrtlkr

witd hmrk tdcl mlk gklkrca ilsurkr nmr hiorm ilsurclok juk tm acrgk-

socak mpkrctimls il tdk omultry.

GVMWZD IL CGKLOY MVGCLI_CZIML

Zdk grmwtd il tdk luhfkr mn Cgklts nrmh 7.96 aced tm mvkr 9.>0 aced

cs ct tdk klj mn tdk ourrklt ykcr omupakj witd cppmilthklt mn mvkr

330 Omrpmrctk Cgkloiks dcs omltrifutkj tm tdk grmwtd il tdk luhfkr

mn pmaioiks.

FK_Z K^KV OACIH PKVNMVHCLOK

Zdk skttakhklt mn oacihs is tdk fkst ycrjstioe tm bujgk tdk

pkrnmrhclok mn cly ilsurclok omhpcly. AIO dcs sdmwl fkst rksuats

il tdk crkc fy skttailg 9:.;; aced oacihs. Zdk oacihs pkrnmrhclok dcs

fkkl ihprmvilg ykcr cntkr ykcr. Kcraikr, tdk mutstcljilg oacihs rctim

wcs 0.>>% il tkrhs mn luhfkr mn oacihs, tdk schk dcs tmuodkj tdk

amwkst kff ct 0.6?% jurilg 600;-0> clj tdis hctodks witd tdkpkrnmrhclok mn cly suod ilsurclok omhpcly il tdk wmraj.

Zdk Omrpmrctiml is omhhittkj tm nuaniaa tdk mfbkotivk mn sprkcjilg tdk

aink ilsurclok hksscgk tm kvkry lmme clj omrlkr mn tdk omultry fy

ilorkcsilg tdk luhfkr mn scaks.


58/66

GVMWZD MN AIO IL ZKVH_ MN PVKHI[H_

OMHPCLIK_Nirst ykcrPrkhiuh

0;-0>sdcrk(%) Grmwtd (%)

NY0;

NY0>

AIO 6;>:; 70.3 -3;.6 40

Fcbcb Caaiclz 673> 4 :03.3 63?

IOIOI Prujkltica 6>?7 7.: 337.: ;7.9

DJNO stcljcrjs 3069 ? 34;.3 90

_FI Aink 469 6.; 3:9.> 73

Firac _ul aink >74 6 :0.6 9.4

Zctc CIG :>? 3.? 77.9 ;3.3

Hcx Lkw Ymre ::? 3.? 47.: 46.3

Cvivc :04 3.6 3;7.6 309.>

Emtce Hcdiljrc MajHutuca ?94 3.6 69:.9 :.4

ILG ^ysyc 64: 0.4 69>.3 0.7

Vkaiclok Aink 39? 0.> 6?;.: 30>.7

HktAink 3:? 0.: 3;7.3 3;3.:

_cdcrc Aink 66 0.3 0 0


59/66

.

FML[_ NVMH AIO ZM IZ_ PMAIOY DMAJKV_

NMV ZDK YKCV 600:-0;

Fmlus mn Aink Ilsurclok Omrpmrctiml mn Iljic wcs cllmulokj ml 3;td

Lmvkhfkr, 600; nmr its pmaioy dmajkrs nmr tdk ykcr 600:-0; pursuclt

tm tdk Coturica ^cauctiml cs ml ?3st Hcrod, 600;. C surpaus mn

Vs.3?,90:.63 ormrk khkrgkj cs c rksuat mn vcauctiml. Mut mn tdk

surpaus jkoacrkj, 9;% i.k. Vs.>9;.63 ormrk is tdk sdcrk mn

Gmvkrlhklt mn Iljic. Zdk luhfkr mn il-nmrok pmaioiks dcs gmlk up

nrmh 3;.>6 ormrk tm 3>.;9 ormrk cs ml ?3stHcrod, 600;.

-;000

0;000

300003;00060000

6;000?0000

OMHPCLIK_

F

cbcb

DJNO

Firac_ulaink

Hcx

Lkw

E

mtce

Vkaic

lok

_cdcrc

Aink


60/66

.

VK^KV_IMLCVY FML[_ VCZK_

Wdmak Aink Pmaioiks-Vs.73.00 pkr tdmusclj suh cssurkj.Fmlus ml vcrimus pacls pkr tdmusclj suh cssurkj nmr 3> ykcrs

clj cfmvk is cs uljkr. Zdk fmlus jkpkljs ml tdk tkrh mn tdk

pmaioy. Zdk fmlus chmult is digdkr nmr amlg tkrh pmaioiks.

Kljmwhklt Zypk Pmaioiks- rclgk nrmh Vs.:;.00 tm Vs.;0.00.

Hmlky Fcoe, Cltioipctkj Kljmwhklt-Vs.:3.00 (tkrh 60 ykcrs)& Vs. :;.00 (tkrh 6; ykcrs)

Bkkvcl _urcfdi Pmaioiks- Vs.:6.00 (tkrh 60 ykcrs) & Vs.;0.00(tkrh 6; ykcrs).

Bkkvcl Clclj Pacl- rclgk nrmh Vs.:?.00 tm Vs.:7.00Bkkvcl Vkedc Pacl- rclgk nrmh Vs.?:.00 tm Vs.:0.00Bkkvcl Clurcg- rclgk nrmh Vs.64.00 tm Vs. ?0.00Lkw Bkkvcl _urcesdc-I- rclgk nrmh Vs.34.00 tm Vs.?0.00 (%0

Lmtimlca Ocsd Mptiml)

Lkw Bkkvcl Jdcrc-I- rclgk nrmh Vs.34.00 tm Vs.64.00 (%0Lmtimlca Ocsd Mptiml).


61/66

.

NILCA (Cjjitimlca) FML[_

Il cjjitiml tm tdk cfmvk Vkvkrsimlcry Fmlusks, AIO dcs casm

jkoacrkj Nilca (Cjjitimlca) Fmlus clj Amycaty Cjjitiml tm givk cjj

ml vcauk tm tdmsk pmaioydmajkrs wdm ekkp tdkir pmaioiks il nmrok. Zdk

rctks mn Nilca (Cjjitimlca) Fmlus crk up tm Vs.3,:00 pkr tdmusclj

suh cssurkj jkpkljilg upml tkrh clj suh cssurkj mn tdk pmaioy nmr

pmaioiks nuaniaailg tdk stipuactkj omljitimls. Casm, cs il tdk prkvimus

ykcr, tdk Amycaty Cjjitiml il rkspkot mn Bkkvcl _drkk pmaioiks

hcturilg ml omhpaktiml mn tkrh up tm 9 ykcrs il Vs.7;.00 pkr

tdmusclj _uh Cssurkj clj witd pmaioy tkrh 30 ykcrs ct tdk rctk mn

Vs.36;.00 pkr tdmusclj _uh Cssurkj.

_PKOICA VK^KV_IMLCVY FML[_2

It hcy fk hkltimlkj tdct ml tdk 3st _kptkhfkr, 600;, tdk Gmajkl

Bufiakk Ykcr okakfrctiml wcs ilcugurctkj fy tdk Dmlfak Prihk

Hilistkr Jr. Hclhmdcl _ilgd. Ml tdk moocsiml c _pkoica Gmajkl

Bufiakk Vkvkrsimlcry Fmlus rclgilg nrmh Vs.; tm Vs.;0 pkr tdmusclj

suh cssurkj wcs cllmulokj fy tdk Dmlfak Nilclok Hilistkr _dri P.

Odijchfcrch. Zdct fmlus wcs il cjjitiml tm tdk fmlus lmw

jkoacrkj.


62/66

.

IL^K_ZHKLZ_ IL AIO

Zypk mn Ilvksthklt IL^K_ZHKLZ_ [P ZM (Vs. Il

Ormrks)

?3.?.0:

OKLZVCA GM^Z.

_KO[VIZIK_

3>>9?9

_ZCZK GM^Z. & MZDKV_ ?7:06

KAKOZVIOIZY (_KFs) 3:40;

DM[_ILG 60>9:

WCZKV _[PPAY CLJ_K^KVCGK

7333

_ZCZK VMCJ

ZVCL_PMVZCZIML OMVP.

3?7?

AMCL_ ZM ILJ[_ZVICA

K_ZCZK_

:;

AMCL_ ZM _[GCV OM-Mps ?7

JK^KAMPHKLZ C[ZDMVIZY 3

VMCJWCY_, PMVZ,

VCIAWCY_

3676

PMWKV GKLKVCZIML (P^Z.

_KOZMV)

>:36

H[LIOIPCAIZIK_ 3:

ZMZCA 63?:77


63/66

.

IL^K_ZHKLZ_ IL AIO

0

;0000

300000

3;0000

600000

6;0000

_ZCZKGM^Z.

DM[_ILG

_ZCZKVM

CJ

AMCL_ZM

VMCJWCY

_,

H[LIOIPCAIZI

ZMZ

CA


64/66

.

ODCPZKV -:VKOMHHKLJCZIML_

CLJ

OMLOA[_IML


65/66

.

OMLOA[_IML2Ml tdk fcsis mn hy stujy mn tdk sufbkot, I wmuaj aiek tm suhhcrizk

tdk wdmak rkpmrt fy givilg tdk nmaamwilg omloausimls2

3. AIO stiaa rkhcils tm fk ct tdk tmp fy dcvilg c dmaj mvkr

73% hcrekt sdcrk il tdk Iljicl hcrekt.

6. Il tkrhs mn its prmjuots, AIO dcs iltrmjuokj hcly lkw

pmaioiks uljkr vcrimus pacls suod cs kljmwhklt pacls,

pmaioiks nmr wmhkl, wdmak aink pacls clj hcly hmrk.

?. AIO hcjk tdk figgkst codikvkhklt fy iltrmjuoilg [lit

Ailekj Ilsurclok Pacls ([AIP_) il tdk ilsurclok

hcrekt. Ourrkltay [AIP_ crk tdk hmst jkhcljilg

pmaioiks mn AIO.

:. AIO dcs frmugdt c sdint il its hcrektilg strctkgiks suod

cs5 it is lmw cjvkrtisilg caa its lkw pmaioiks ml vcrimus

Hkjics.

;. AIO dcs hcjk c stkp cdkcj clj dcs hcjk siglinioclt

codikvkhklts il tdk rurca skotmr.

>. AIO dcs cawcys wmrekj nmr prmvijilg skourity tm caa clj

witd tdk omhilg up mn Pklsiml Pacls il tdk rkoklt ykcrs,AIO dcs fkkl cfak tm skourk tdk nuturk mn tdk skrviok oacss

pkmpak il c fkttkr hcllkr.

7. In wk tcae il tkrhs mn grmwtd clj prmgrkss tdkl, AIO

rkhcils tm fk ct Lm.3 pmsitiml il tdk Iljicl Hcrekt clj

ct Lm.> il tdk wmraj.


66/66

FIFAIMGVCPDY

FMME_2

3. Hisdrc H.L5 Priloipaks mn Ilsurclok5 _uatcl Odclj clj

_mls5 6007

6. Guptc P.E5 Ilsurclok clj Vise Hclcgkhklt5 Dihcacyc

Pufaisdilg Dmusk., 600:

?. Hittca Caec clj Jr. _.A.Guptc5 Priloipaks mn Ilsurclok

clj Vise Hclcgkhklt5 _uatcl Odclj clj _mls.,6007

BM[VLCA2

3. Ilsurclok OdrmlioakCugust 6007

WKF_IZK_2

3. www.aiomniljic.omh

6. www.irjc.omh

?. www.gmmgak.omh

:. www.wieipkjic.omh
http://www.irda.com/http://www.irda.com/http://www.google.com/http://www.google.com/http://www.wikipedia.com/http://www.wikipedia.com/http://www.wikipedia.com/http://www.google.com/http://www.irda.com/

minor project report on a study on l.i.c

Documents