Interest Subvention Scheme
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RBI Revises Norms For Banks On Interest Subvention Scheme On Crop Loan
RBI on Thursday modified norms for banks to claim the amount of interest subvention provided to farmers under the short-term crop loan scheme
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Convert Half Your Fleet To Electric By 2023: Delhi To Commercial Vehicle Owners
Delhi Transport minister Kailash Gahlot on Sunday urged commercial vehicle owners to convert half of their fleet to electric by 2023, saying a five per cent interest subvention scheme will be soon launched for them.
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Budget 2021: Interest Subvention Scheme For MSMEs Must Be Extended, Says Industry Body
Budget 2021: Indian Chamber of Commerce suggests that the interest subvention scheme for MSMEs must be extended with enhanced coverage of three-four per cent to the extent of Rs 300 lakh
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Budget 2019: 2% Interest Subvention For GST-Registered MSMEs On Fresh Loans
The Finance Minister also announced that pension benefits will be offered to three crore shop owners with annual turnovers less than Rs 1.5 crore under a new scheme titled Pradhan Mantri Man Dhan Yojna.
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Nirmala Sitharaman To Meet Agriculture Ministry Officials On Tuesday
Under the scheme, interest subvention is provided to NABARD, regional rural banks, cooperative banks, public sector banks and scheduled private sector banks for providing short-term credit to farmers at a subsidised rate of interest.
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Farmers To Get Crop Loans At Subsidised 7%, Aadhaar Link A Must
"To ensure hassle-free benefits to farmers under the Interest Subvention Scheme, the banks are advised to make Aadhaar linkage mandatory for availing of short-term crop loans in 2017-18," RBI said in a notification to banks.
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PM Modi's New Year Sops To Cost Government Rs 3,500 Crore Annually: SBI
"The overall fiscal impact of all these measures announced by the PM on December 31, will be around Rs 3,500 crore per year, which is minimal compared to the social and economic benefits," SBI Research said in a note.
-
Realty, Housing Finance Stocks Gain After PM Announces Schemes
In his address to the nation, PM Modi said home loans in urban areas up to Rs 9 lakh and Rs 12 lakh will receive interest subvention of 4 per cent and 3 per cent, respectively.
-
Farmers Get Additional 60 Days To Repay Crop Loans
In a relief to farmers hit by demonetisation, the Reserve Bank today gave an additional 60 days to repay their crop loans due in November-December and said that prompt repayment would be eligible for the extra 3 per cent interest subsidy.
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Farmers To Get Short-Term Loan At 7% Interest Rate In FY17
Under the interest subvention scheme approved by the Cabinet today, farmers will get loans of up to Rs 3 lakh for a period of one year at an interest rate of 7 per cent.
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No Interest Subsidy On Crop Loan Beyond Rs 3 Lakh: Panel
A government panel, set up to suggest ways for better implementation of the Rs 9 lakh crore farm credit scheme, has recommended that interest subvention should not be provided to farmers if the short-term loan amount is higher than Rs 3 lakh.
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Commerce Ministry Moves Cabinet Note on Interest Subvention Scheme
To give a fillip to exports, the Commerce Ministry has moved a Cabinet note on a proposal to provide cheaper credit access to exporters from various sectors under the interest subvention scheme.
-
Garment Industry for 3% Interest Subvention Post-RBI Policy
Expressing disappointment over the Reserve Bank of India keeping its policy rate unchanged, the Tirupur Exporters Association (TEA) on Tuesday requested the government to announce a three per cent interest subvention scheme for the garment sector.
-
FICCI Panel Suggests Measures to Boost Textiles
Representatives from a FICCI panel today met Finance Minister Arun Jaitley on issues related to the textiles sector and pitched increase in allocation of funds under Technology Upgradation Fund Scheme and interest subvention for exporters.
-
Cabinet Approves Interest Subvention on Crop Loans
The union cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a scheme for interest subvention for public sector banks, private banks, cooperative banks, regional rural banks and NABARD for providing short-term crop loan to farmers, sources said.
-
RBI Revises Norms For Banks On Interest Subvention Scheme On Crop Loan
RBI on Thursday modified norms for banks to claim the amount of interest subvention provided to farmers under the short-term crop loan scheme
-
Convert Half Your Fleet To Electric By 2023: Delhi To Commercial Vehicle Owners
Delhi Transport minister Kailash Gahlot on Sunday urged commercial vehicle owners to convert half of their fleet to electric by 2023, saying a five per cent interest subvention scheme will be soon launched for them.
-
Budget 2021: Interest Subvention Scheme For MSMEs Must Be Extended, Says Industry Body
Budget 2021: Indian Chamber of Commerce suggests that the interest subvention scheme for MSMEs must be extended with enhanced coverage of three-four per cent to the extent of Rs 300 lakh
-
Budget 2019: 2% Interest Subvention For GST-Registered MSMEs On Fresh Loans
The Finance Minister also announced that pension benefits will be offered to three crore shop owners with annual turnovers less than Rs 1.5 crore under a new scheme titled Pradhan Mantri Man Dhan Yojna.
-
Nirmala Sitharaman To Meet Agriculture Ministry Officials On Tuesday
Under the scheme, interest subvention is provided to NABARD, regional rural banks, cooperative banks, public sector banks and scheduled private sector banks for providing short-term credit to farmers at a subsidised rate of interest.
-
Farmers To Get Crop Loans At Subsidised 7%, Aadhaar Link A Must
"To ensure hassle-free benefits to farmers under the Interest Subvention Scheme, the banks are advised to make Aadhaar linkage mandatory for availing of short-term crop loans in 2017-18," RBI said in a notification to banks.
-
PM Modi's New Year Sops To Cost Government Rs 3,500 Crore Annually: SBI
"The overall fiscal impact of all these measures announced by the PM on December 31, will be around Rs 3,500 crore per year, which is minimal compared to the social and economic benefits," SBI Research said in a note.
-
Realty, Housing Finance Stocks Gain After PM Announces Schemes
In his address to the nation, PM Modi said home loans in urban areas up to Rs 9 lakh and Rs 12 lakh will receive interest subvention of 4 per cent and 3 per cent, respectively.
-
Farmers Get Additional 60 Days To Repay Crop Loans
In a relief to farmers hit by demonetisation, the Reserve Bank today gave an additional 60 days to repay their crop loans due in November-December and said that prompt repayment would be eligible for the extra 3 per cent interest subsidy.
-
Farmers To Get Short-Term Loan At 7% Interest Rate In FY17
Under the interest subvention scheme approved by the Cabinet today, farmers will get loans of up to Rs 3 lakh for a period of one year at an interest rate of 7 per cent.
-
No Interest Subsidy On Crop Loan Beyond Rs 3 Lakh: Panel
A government panel, set up to suggest ways for better implementation of the Rs 9 lakh crore farm credit scheme, has recommended that interest subvention should not be provided to farmers if the short-term loan amount is higher than Rs 3 lakh.
-
Commerce Ministry Moves Cabinet Note on Interest Subvention Scheme
To give a fillip to exports, the Commerce Ministry has moved a Cabinet note on a proposal to provide cheaper credit access to exporters from various sectors under the interest subvention scheme.
-
Garment Industry for 3% Interest Subvention Post-RBI Policy
Expressing disappointment over the Reserve Bank of India keeping its policy rate unchanged, the Tirupur Exporters Association (TEA) on Tuesday requested the government to announce a three per cent interest subvention scheme for the garment sector.
-
FICCI Panel Suggests Measures to Boost Textiles
Representatives from a FICCI panel today met Finance Minister Arun Jaitley on issues related to the textiles sector and pitched increase in allocation of funds under Technology Upgradation Fund Scheme and interest subvention for exporters.
-
Cabinet Approves Interest Subvention on Crop Loans
The union cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a scheme for interest subvention for public sector banks, private banks, cooperative banks, regional rural banks and NABARD for providing short-term crop loan to farmers, sources said.
